As per the requirements of the Affordable Care Act (ACA), large employers such as State of Texas agencies and higher education institutions will file information with the IRS about medical coverage they offered their employees in the previous year. Employers also must provide Form 1095-C statements to employees, to verify offer of coverage on their tax filings. The health plan under which an employee had coverage will send Form 1095-B to the employee.
As an employer, you will be required to report to the IRS:
- the Offer of Coverage Information for all employees (Parts 1 and 2 of Form 1095-C) and
- Enrollment Information for HealthSelect of Texas and Consumer Directed HealthSelect (HealthSelect) participants (Part 3 of Form 1095-C).
For employees enrolled in health maintenance organizations (HMOs), you must complete only Parts 1 and 2 of Form 1095-C.
ERS strongly recommends that you consult with your agency’s or institution’s attorney to determine exactly what will be required of you.