Compliance News: Extension of Deadline for 2016 Forms 1095-C & Adjusted PCOR Fee Released

The Internal Revenue Service (IRS) issued Notice 2016-70, which provides a limited extension of time for employers to provide 2016 Forms 1095-C to individuals. It also extends good-faith transition relief from certain penalties for the 2016 reporting year.

  • 2016 Forms 1095-C statements must be furnished to individuals by March 2, 2017 (rather than January 31, 2017). This extension of time also applies to carriers providing Forms 1095-B to individuals in insured plans.
  • The 2016 Form 1094-C and all supporting Forms 1095-C (collectively, “the return”) is due to the IRS by March 31, 2017 if filing electronically (or February 28, 2017 if filing by paper).

In addition, the IRS recently released the adjusted applicable dollar amount for the fifth filing year of the Patient-Centered Outcomes Research (PCOR) Fee. For plan years ending on or after October 1, 2016, and before October 1, 2017, the adjusted fee is $2.26 per covered life per year. The next payment and filing deadline is July 31, 2017.

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