Draft Forms for 2021 ACA Reporting Released

Over the years, the Affordable Care Act (ACA) has created reporting requirements under Code Sections 6055 and 6056. These rules require certain employers to provide information to the Internal Revenue Service (IRS) about the health plan coverage they either offer, do not offer, or provide to their employees.

2021 Draft Forms

  • 2021 draft Forms 1094-B and 1095-B are draft versions of forms that will be used by providers of minimum essential coverage (MEC), including self-insured plan sponsors that are not applicable large employers (ALEs), to report under Section 6055.
  • 2021 draft Forms 1094-C and 1095-C are draft versions of forms that will be used by applicable large employers (ALEs) to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.

The draft forms are substantively identical to the final 2020 versions; however, it is important for employers to keep in mind that these forms are draft versions only and should not be filed with the IRS or relied upon for filing. Additionally, employers should monitor future developments for the release of the 2021 draft instructions.

Important Dates

  • Individual statements for 2021 must be furnished by January 31, 2022.
  • IRS returns for 2021 must be filed by February 28, 2022. If filed electronically, the deadline is March 31, 2022.

For additional information on reporting under Code Sections 6055 and 6056, click here.

Trust the Creative Benefits, Inc. team to keep you updated as additional information is released. Questions? Contact our team at 866-306-0200 or solutions@creativebenefitsinc.com.