Share This Article:

Three things to know about 1095-Cs in 2019


Deadlines approaching soon

Confused about 1094-Cs and 1095-Cs? You're not alone. With changing requirements and deadlines, a lot of employers and administrators are dreading this year's filing season. 

However, 1095-Cs don't have to be stressful. If you missed our recent webinar, "1095-C Reporting: What You Need to Know for 2019," click here to listen to the recording, or read on for a recap.

Three things to know about 1095-Cs in 2019

1. Current requirements

Who must file? Applicable Large Employers (ALEs) with at least 50 full-time employees or 50 full-time equivalent employees must file 1094-Cs / 1095-Cs
What is the penalty for noncompliance? Penalties can range from $50 - $540 per return.

2. 2019 changes

Some deadlines have changed in 2019. Paper filing must be completed by February 28, 2019. Employees must receive their copies by March 4, 2019 — originally January 31, 2019. Employers must e-file by April 1, 2019.

3. Who should help employers file and why

Options include your payroll company or a third party vendor, but a better way is via a broker-supported benefits administration system. Payroll systems and third party solutions don't maintain benefit information, where as a ben admin system already houses this data and can auto-populate the required forms.

Bernard Health clients have access to BerniePortal, which can file forms directly with the IRS, saving time and reducing errors. To learn more, click here.

New Call-to-action

Share This Article:

Related Posts

From explanations of forms to 2020 deadlines - and everything in between - here's what...

Remind employees to review healthcare when filing taxes It’s that time of year — W-2s are...

What employees need to know Do employees have updated contribution limits for retirement...

Submit a Comment