By Jerry Geisel, Crain News Service
WASHINGTON (Sept. 12, 2014) — The Internal Revenue Service has issued draft copies of the healthcare coverage forms employers will have to provide to full-time employees and to the IRS starting in 2016.
Among other things, form information will include:
• The names of covered employees and dependents;
• Their Social Security numbers or, if not available, their dates of birth;
• Whether they were covered in the employer's healthcare plans for the full year or, if not, the months that they were covered; and
• The employee share of the monthly premiums for individual coverage in the lowest-cost plan providing minimum coverage.
The forms, providing 2015 coverage information, will have to be distributed to employees by Jan. 31, 2016, according to the agency, and to the IRS by the end of March 2016.