The Affordable Care Act (ACA) added §6055 to the Internal Revenue Code
(IRC), which provides that every provider of minimum essential coverage
(MEC) will report coverage information by filing an information return with
the IRS and furnishing a statement to individuals. The information is used
by the IRS to administer, and individuals to show compliance with, the individual
shared responsibility provision in IRC
Health insurance issuers, self-insured employers, government agencies, and
others that provide MEC to an individual during a calendar year must file
an annual information return with the IRS. In general, providers of MEC
report on Form
1095-B, which is accompanied by a single transmittal form, Form
1094-B, for all returns filed for a given calendar year. Providers file
one Form 1095-B for all individuals covered together under a policy or program.
here for §6055 questions and answers.
The ACA Add-on for Account Ability (try
it now) supports ACA Forms 1095-B and 1094-B.
1095-C (IRS 6056) Compliance:
The ACA Add-on also includes support for ACA Forms 1095-C and 1094-C.
A provider of MEC can make the required statement to the responsible individual
by furnishing a copy of the Form 1095-B filed with the IRS. Alternatively,
these returns and statements to responsible individuals may be made by using
substitute forms, which Account
Ability prints using Item
# 1095BCBLK50, available at the Account
Ability Forms Division.