Forms 1094-C and 1095-C

Forms 1094-C and 1095-C are IRS documents related to employer-provided health insurance under the Affordable Care Act (ACA). Key points include:

1. Form 1094-C: Transmittal form for 1095-C

   – Provides summary information about the employer

   – Reports the total number of 1095-C forms being submitted

2. Form 1095-C: Employer-Provided Health Insurance Offer and Coverage

   – Details health coverage offered to full-time employees

   – Reports employee’s share of the lowest-cost monthly premium

   – Indicates months when coverage was available

3. Required for Applicable Large Employers (ALEs) with 50+ full-time employees

4. Used to enforce the ACA’s employer mandate

5. Helps determine eligibility for premium tax credits

6. Must be provided to employees and filed with the IRS annually

These forms ensure compliance with ACA requirements and provide employees with information about their health coverage. They’re crucial for both employers and employees in reporting and verifying health insurance offerings. Employers should maintain accurate records throughout the year to simplify the filing process.