Who needs to submit the 1094-C form?

Applicable Large Employers (ALEs) with 50 or more full-time employees during the prior year are required to submit Form 1094-C. Companies that crossed the 50-employee threshold at any point during the previous calendar year are included in this. The form serves as proof of ACA compliance, which helps the IRS verify that employers have met their coverage obligations.

What information is required on the 1094-C form?

Employers are required to share key details such as the business name, address, EIN, and the number of employees. They will also need to report which months you offered coverage and enter the specific codes that confirm your compliance status. Employers need to provide details about their health plan offerings and any months when coverage wasn't available for complete accuracy. Compliance management systems can help track this data throughout the year for accurate reporting when it comes time to file Form 1094-C.

How does the 1094-C form relate to the 1095-C form?

Form 1095-C provides coverage details for each employee, while Form 1094-C serves as the summary document for all 1095-C form statements, indicating the number of 1095-C forms included in the submission. When it is time to file taxes, be sure to submit both of these forms together. A benefits administration software can help generate both of these forms when needed.