State of Oklahoma Office of Management and Enterprise Services Lisa Raihl Accounting & Reporting Analyst Division of Central Accounting and Reporting (DCAR) 1

State of Oklahoma Office of Management and Enterprise Services The Affordable Care Act Information Reporting Overview Providers of Minimum Essential Coverage (MEC)must report and provide a copy of the IRS Form 1095-B to the responsible individual Employers must report and provide a copy of the IRS Form 1095-C to employees about offers of health coverage and enrollment in health coverage 2

State of Oklahoma Office of Management and Enterprise Services 3

What information is reported on the 1095-B? Name and TIN (or DOB) of every individual covered under the plan – DOB may be used only after reporting entity asks for a TIN 3 times Employer information for employer sponsored coverage Coverage provider information (health plan) Month(s) of coverage for each covered individual – One-day rule: if you are enrolled in MEC for one day of a month you have MEC for that month 4

State of Oklahoma Office of Management and Enterprise Services 5

What information is reported on the 1095-C? Employee general information Employer general information Employee offer and coverage – Information on the health care coverage offered to full-time employees. This will be used by the IRS in determining an employee’s eligibility for the premium tax credit and to administer section 4980H (employer’s shared responsibility) – Indicator codes will be used to report certain information 6

State of Oklahoma Office of Management and Enterprise Services Furnishing Due Date of Forms 1095-B and 1095-C – January 31 for prior year reporting (just like W-2s) – January 2016 providers and employers must report for calendar year 2015 Questions? 7