Another Obamacare delay employers will love

by Christian Schappel

A major requirement of the ACA has just been pushed back, and there’s little doubt employers are going to celebrate the delay. 

What’s been delayed? The reporting requirements that tell the IRS which large employers (those with 50 or more full-time/full-time equivalent employees) offered  employees the level of healthcare coverage required under Obamacare for the 2015 plan year.

They delays are welcome news for employers and plan sponsors, as they’ve been scrambling to comply with the requirements and the nearing reporting deadlines after just getting the final rules and forms explaining what’s required in late summer (here’s HR Morning’s plain-English breakdown).

But while the delays do give employers some much-needed breathing room, they don’t push the deadlines back that far, so employers need to maintain their sense of urgency.

The new deadlines

Here’s the lowdown on what’s due when:

• The due date for providing the Forms 1095-B and 1095-C to individuals has been pushed back from Feb. 1, 2016 to March 31, 2016.
• The date for submitting Forms 1094-B and 1094-C to the IRS — for those filing paper forms — has been pushed back from Feb. 29, 2016 to May 31, 2016.
• The date for submitting Forms 1094-B and 1094-C to the IRS electronically (e-filing is required for those submitting 250 or more forms) has been pushed back from March 31, 2016 to June 30, 2016.

Click here for entire article.