12-19-2022 |
Affordable Care Act Deadline Extension
By: Cynthia Boyle Lande & Maggie Simonson Schild
On December 15, 2022, the Internal Revenue Service issued final regulations extending deadlines for providing certain information statements under the Affordable Care Act (ACA). The extension applies to Forms 1095-C, filed and issued by applicable large employers (ALEs), who are subject to the ACA Employer Mandate. The extension also applies to Forms 1095-B, filed and issued by providers of minimum essential coverage (including but not limited to insurers and some self-insured employers).
The extended deadlines apply for calendar years beginning after December 31, 2021. This means the extensions are available for the 2022 calendar year reporting that will begin early in 2023. The final regulations permanently extend the deadline for providing 1095-B and 1095-C statements to individuals by 30 days (from an original deadline of January 31). This makes the deadline to provide statements for the calendar year 2022 March 2, 2023.
The extension does not change the deadline to submit Forms 1094-B or 1094-C to the IRS by February 28 (March 31 if filed electronically) of each year.