The IRS announced Monday that it is extending the due dates for sending certain health care information statements to individuals as required under the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148 (Notice 2019-63). The IRS has extended the date every year since the PPACA’s requirement went into effect because a substantial number of employers, insurers, and other providers of health coverage need more time to gather and analyze the information they need to prepare Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, which are used to satisfy the requirement to provide the statements.

The due date to send individuals the 2019 Form 1095-B or Form 1095-C is now March 2, 2020. The original due date was Jan. 31, 2020.
However, the IRS has determined that there is no need for an extension of time for filing those forms with the IRS, or for the 2019 Form 1094-B, Transmittal of Health Coverage Information Returns, and Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns. Those returns must be filed with the IRS by Feb. 28, 2020, if not filing electronically, and by March 31, 2020, if filing electronically.

We hope this is helpful to anyone who is providing health coverage to their employees. If you’re ever in need of any assistance sorting out how to do this, please give us a call. We are here to make your life easier.

Cash Tax and Accounting

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