The Employer Reporting Improvement Act & Paperwork Burden Reduction Act signed into law by President Biden modify requirements for distributing 1095-B and 1095-C forms to employees. While the forms must be filed and submitted to the IRS, automatic distribution to covered employees is no longer required.
Forms can now be distributed upon request, but employers must notify employees how to request Form 1095. When a covered employee submits a request, employers are required to provide the form within 30 days or by January 31 of the following year, whichever is later.
If you want to take advantage of these changes, you must notify covered employees. If you do not provide notice, these forms must be distributed by March 3, 2025.
Details to include in your employee notification:
- Company branding
- Information on the change
- Details on how employees can request the form
- Contact information for the person requests should be submitted to, along with contact information for the person who can answer employee questions
If you have questions on how your business may be impacted, or if you need assistance preparing a notification for your covered employees, please contact Vicki Boroff, HR consultant.