An employer with a self-funded or level-funded plan is deemed to be the issuer of the employee’s health insurance policy by the IRS and required to report the Minimum Essential Coverage (MEC) they offered their employees throughout the year. Even though the Individual Mandate Penalty has been reduced to zero, the IRS still requires 1094/1095-B reporting.
Join Towne Benefits Compliance Specialist, Corbin Granger, to review the necessary forms for B-reporting and how to complete and submit them to the IRS.
Please note that fully insured employers are not required to report.
The information herein should not be construed as legal or tax advice in any way. This content is provided for informational purposes only. You should seek the advice of your attorney or tax consultant for additional or specific information.