Form 1095-C Notification Reminder and Frequently Asked Questions

2015 Forms 1095-C must be furnished to individuals by March 31, 2016. Generally, if Forms 1094-C and/or 1095-C are incorrect and incomplete, a penalty may apply if not corrected by the due date and the employer cannot show reasonable cause. Briefly, the amount of penalties can range from $50/form with a $500,000 maximum penalty/year to $250/form with a maximum penalty of $3M/year.

Click here to download Form 1095-C Notification Reminder and Frequently Asked Questions – 031516R

As always please contact your Total Benefit Solutions, Inc. account manager at (215)355-2121 if you have any questions or concerns about this bulletin, or any other Health Care Reform guidelines.