What are the Forms 1094-C and 1095-C?
The Forms 1094-C and 1095-C are used by applicable large employers in the United States to report information about health insurance coverage offered to employees under the Affordable Care Act (ACA).
The Form 1094-C is the transmittal form that summarizes the information reported on the Form 1095-C for each employee. It is filed with the Internal Revenue Service (IRS) to provide details about the employer’s health insurance coverage and compliance with the ACA’s employer mandate.
The Form 1095-C is used by employers to report the health insurance coverage provided to their full-time employees, including the months of coverage, the employee’s share of the premium, and whether the coverage meets the ACA’s minimum standards. Employers must file both forms annually with the IRS and distribute Form 1095-C to employees for their tax records. These forms ensure that employees and the IRS have accurate records for tax filing and compliance purposes regarding employer-sponsored health insurance.