Federal and State Health Care Reform
As part of federal health care reform, the Affordable Care Act was signed into law on March 23, 2010. Brandeis University remains compliant with the many employer-required provisions of the law.
According to the ACA, employers are required to send out an IRS form to anyone who was a benefits-eligible employee for one or more months during the 2019 calendar year. This 1095-C form is an annual statement that describes the insurance available to eligible employees. The primary purpose of this form is to inform employees what their employer will report to the IRS regarding whether they were offered health care benefits and also whether those benefits met ACA standards for coverage and affordability. Employers will meet the requirement to furnish Form 1095-C to an employee if the form is properly addressed and mailed on or before the due date.
The 1095-C form is required to be mailed to employees by Jan. 31, 2020. The IRS clearly states that the 1095-C form is not required by employees for filing income tax returns. Employees can complete their returns without the form and need only keep the form, when it arrives, with their other tax documents.