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Final Forms for 2021 ACA Reporting

Final Forms for 2021 ACA Reporting

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The Internal Revenue Service (IRS) has released the final forms for 2021 reporting under Sections 6055 and 6056.

  • 2021 Forms 1094-Band 1095-B used by entities providing minimum essential coverage including self-insured plan sponsors that are not applicable large employers (ALEs) to report under Section 6055.
  • 2021 Forms 1094-C and 1095-Care used by ALEs to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.

No substantial changes were made to the 2021 forms. They are substantively identical to the final 2020 versions.

Final instructions have not been released yet. However, draft instructions are available for Forms 1094-B and 1095-B and Forms 1094-C and 1095-C. Keep in mind that changes may be made once the instructions are finalized.

Employers should become familiar with these forms for the 2021 calendar year. Individual statements must be provided by January 31, 2022, and returns must be filed by February 28, 2022 (paper version) or March 31, 2022 (filed electronically).

Download the bulletin for more details.

 

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National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Steve Smith

Steve Smith

Steve Smith is a powerhouse of energy, living by the mantra "work hard, play hard." As an expert in uniting teams for a greater purpose, Steve's innovative and creative strategies in employee health and wellness are game-changers. With over 25 years of expertise in health insurance, covering compliance, cost mitigation, utilization, analytics, wellness plans, and strategic planning, Steve is the go-to expert for driving down utilization trends and fostering a culture of well-being. His clients trust him to deliver exceptional results, making him an invaluable asset in the industry. As an Employee Benefits Consultant, Steve specializes in health care consulting for Minnesota public sector organizations including fully insured, self-insured, and stop-loss plans. Steve is a licensed insurance agent and holds the designations for Managed Healthcare Professional (The Health Insurance Association of America), Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters), and Group Benefits Disability Specialist (Hartford School of Insurance).