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IRS Releases Final 2016 1094-B and 1095-B Forms & Instructions

Sep 29, 2016

HR 360, Inc.

September 28, 2016

​IRS Releases Final 2016 1094-B and 1095-B Forms & Instructions 

Form 1095-B Due to Individuals on January 31, 2017 

The Internal Revenue Service (IRS) has released the final forms and instructions for Forms 1094-B and 1095-B for calendar year 2016 reporting. Employers are required to report in early 2017 for calendar year 2016

Who is Required to Report 

Forms 1094-B and 1095-B are used by ​insurers, self-insuring employers, and other parties that provide minimum essential health coverage (regardless of size, except for large self-insuring employers) to report information on this coverage to the IRS and to covered individuals. ​Applicable large employers (generally those with 50 or more full-time employees, including full-time equivalents or FTEs) will use Forms 1094-C and 1095-C to report information to the IRS and to their full-time employees about their compliance with the employer shared responsibility provisions ("pay or play") and the health care coverage they have offered. 

Employers subject to both reporting provisions (generally self-insured employers with 50 or more full-time employees, including FTEs) will satisfy their reporting obligations using Forms 1094-C and 1095-C. The final forms and instructions for Forms 1094-C and 1095-C have not yet been released for calendar year 2016 reporting

2016 Forms and Instructions 

The following forms and instructions are now available for calendar year 2016 reporting: 

Information Reporting Deadlines 

According to the instructions, filers of Form 1095-B must furnish a copy of the form by January 31, 2017, to the person identified as the “responsible individual” on the form for coverage in 2016. The responsible individual is the person who, based on a relationship to the covered individuals, the primary name on the coverage, or some other circumstances, should receive the statement. Forms 1094-B and 1095-B are also required to be filed with the IRS by February 28, 2017 (or March 31, 2017, if filing electronically). Please be advised that Forms 1095-B and 1095-C must be electronically filed if the employer is required to file at least 250 of the specific form

Visit our ​Information Reporting section for more on the information reporting requirements.

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