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… Forms 1094 and 1095 Have Been Released The final forms contain very few changes from prior years; however, reference to relief for reporting errors has been removed from the instructions (see more below). Form 1095-C also contains two new codes for employers that sponsor an individual coverage health reimbursement arrangement (ICHRA). Permanent Extended Deadline for Distributing Form 1095s to Individuals Employer reporting rules require that employers provide a copy of Form 1095 to employees and participants by January 31; however, for the last few years, the IRS has offered a 30-day extension to that deadline. The proposed rules …

… employer-sponsored coverage includes coverage under any group health plan made available to employees which is excludable from the employee’s gross income under Section 106. However, certain benefits are specifically excluded from the reporting requirement. Benefits not required to be included in the W-2 reporting are: Health Reimbursement Arrangements (HRAs). Stand-alone dental or vision coverage that meets the Health Insurance Portability and Accountability Act (HIPAA) definition of an “excepted benefit.” Coverage issued as a supplement to liability insurance. Contributions to Health Savings Accounts (HSAs). Workers’ compensation or similar insurance. Long-term care insurance. Liability insurance, credit-only …

… methods available to self-funded plan sponsors to determine the average covered lives used for reporting and paying the PCORI fee: the actual count method; the snapshot method; or the Form 5500 method. There are special rules that apply for employers offering multiple self-funded plans or a health reimbursement arrangement (HRA) integrated with a fully insured plan: Multiple Self-Funded Plans – If one plan sponsor maintains more than one self-funded health plan with the same plan year, the arrangements can be treated as a single plan for purposes of the fee. HRAs – An employer that sponsors an HRA …