The proposed ‘Draft” forms for Patient Protection and Affordable Care Act (PPACA) reporting have recently been signed-off on by Federal Reviewers, and are on their way toward implementation by the Internal Revenue Service. The forms include 1094-C, which is the form employers are supposed to use to tell the IRS whether they offered workers minimum essential coverage (MEC), and Form 1095-C, which is the form employers are supposed to use to give their employees the information they need to avoid the PPACA penalty and to apply for PPACA coverage subsidies.
While employers can send 1095-C forms to workers this year, for the 2014 plan year, if they wish, "applicable large employers" MUST send 2015 plan-year forms to their employees by January 31, 2016.
Many commenters during the review process have complained that the new forms seen to use their own ‘language’ that itself can be confusing. For example the PPACA applies terms like “minimum essential coverage” (MEC) to these forms. Form 1095-C also would require disclosure of the “Employee Share of Lowest Cost Monthly Premium, for Self-Only Minimum Value Coverage.”
While the 1095-C form shown above is a ‘draft only’ from this past October, the ‘good news’, or perhaps it’s ‘bad news’, it certainly is ‘ugly’ either way, the Federal Reviewers left this draft form alone, so the final forms will indeed look lie the draft forms. In other words they didn’t listen to all the people with negative comments, typical government.