Three things to ask about 1095-C software
Check out this column in HR Technologist:
Is your organization in need of a solution for filing 1094-Cs and 1095-Cs with the IRS? With filing deadlines quickly approaching, many HR professionals and business owners are looking to streamline this process in 2019
First, what are the 1094-C and 1095-C? The Affordable Care Act requires employers with 50 or more full-time, or full-time equivalent, employees to offer health benefits. The 1094-C and 1095-C forms demonstrate that the employer is compliant with this regulation.
The 1095-C form provides details about the coverage offered, as well as which months employees were covered. This form is distributed to employees as well as filed with the IRS, whereas the 1094-C is filed only with the IRS.
Paper filing must be completed by February 28, but employers filing more than 250 forms are required to file electronically and by April 1. This requirement has led to the development of software solutions to handle the 1095-C filing process.
Here are three questions to ask when reviewing 1095-C technology.