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2│ ACA R
EVIEW
Updated December 2016
Only appeal marketplace determination if:
Full-time employee offered minimum valued affordable coverage; or
Individual covered by MEC
Otherwise, do not appeal
Marketplace appeal is based on current year
Reporting and Filing Obligations:
Code Sections 6055 and 6056 Reporting Obligations
Section 6055: Forms 1094-B and 1095-B filed by all entities (without regard to plan size) providing
minimum essential coverage (MEC) during calendar year, including:
Insurers for insured plans
Plan sponsors of self-funded plans
Section 6056: Forms 1094-C and Form 1095-C filed by employers employing 50-plus full-time
equivalent employees (FTEE)
Deadlines for Filing and Distributing 2016 Forms 1094 and 1095
Due date for filing 2016 Forms 1094 and 1095 with IRS
•
No later than Feb. 28, 2017 (March 31, 2017 if filing electronically)
Due date for furnishing 2016 Form 1095 to Individuals:
•
Jan. 31, 2017 (Extended to March 2, 2017)
o
Electronic distribution OK as long as IRS rules followed, including individual’s consent to
receive Form 1095 electronically
Form W-2 Reporting Reminders
Aggregate Cost of Health Coverage (Box 12, Code DD)
Employer Contributions to Health Savings Accounts
(Box 12 – Code W)
Increased Tax Information Reporting Penalties
Beginning 2017, increase in potential IRS penalties assessed for failure to file information returns or
provide payee statements (Forms W-2, 1099,1094, 1095, etc.)
•
Failure to file correct information return: $260 per return; total penalty cap of $3,218,500 per
calendar year
•
Failure to provide correct payee statement: $260 per; total penalty cap of $3,218,500 per
calendar year
•
Special rules apply that increase the per-statement and total penalties if there is intentional
disregard of requirement to file returns and furnish required statements
ACA Section 1557: Nondiscrimination in Health Plans, Programs and Activities
Note: A preliminary injunction temporarily suspends the requirement for insurers, plans and providers to comply with gender
identity component of the law.
ACA Section 1557 requires nondiscrimination in health coverage, programs and activities, i.e., individuals cannot be
discriminated againstor prohibited from participating in health-related programs or denied health coverage on basis
of race, color, national origin, sex, age or disability.
Rules apply to “covered entities,” defined as:
Insurers and third-party administrators receiving federal funding
Self-funded employers receiving federal funding (hospitals, nursing homes, etc.)
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