On November 18, 2016 the Internal Revenue Service (IRS) announced a limited extensionto insurers, self-insuring employers, and certain other providers of minimum essential coverage for the 2016 information reporting requirements under the Affordable Care Act (ACA).
IRS Announces Limited Extension For ACA Reporting
On November 18, 2016 the Internal Revenue Service (IRS) announced a limited extension to insurers, self-insuring employers, and certain other providers of minimum essential coverage for the 2016 information reporting requirements under the Affordable Care Act (ACA). Specifically, this notice extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2017, to March 2, 2017.
In addition, this notice also extends good faith transition relief from section 6721 and 6722 penalties to the 2016 information reporting requirements under sections 6055 and 6056.
Note that this notice does not extend the due date for filing with the Service the 2016 Forms, which remains February 28, 2017 (if filing by paper) or March 31, 2017 if filing electronically.
Should you have any questions about this change, please contact your insurer or legal advisor for further clarification.