On December 22, 2017 the IRS announced that the due date for health coverage information forms, Forms 1095-B or 1095-C, has been extended for 2018. Insurers, self-insuring employers, other coverage providers and applicable large employers (ALE’s) will now have until March 2, 2018 to provide the forms to employees. The original date was January 31, 2018.
Forms 1095-B and 1095-C are provided to employees and covered individuals outlining the health care coverage that was offered to them. Individuals receiving the forms are not required to file the 1095-B or 1095-C with their tax return. The form is for informational purposes and individuals may use the information provided on the form to determine if they may claim the premium tax credit on their individual income tax returns based on whether they had coverage in each month in 2017.
Employers do not need to do anything to take advantage of this extension, the extension is automatic.
Employers are also required to file information returns with the IRS for 2017 and the due dates for these filings has not been extended. Information returns must be filed by February 29, 2018 if filing paper and April 2, 2018 if filing electronically.
For more information on the extension visit the IRS website, https://www.irs.gov/newsroom/irs-extends-due-date-for-employers-and-providers-to-issue-health-coverage-forms-to-individuals-in-2018