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Video instructions and help with filling out and completing Can Form 1094 B Employment

Instructions and Help about Can Form 1094 B Employment

Let's look at the 1095-c in detail all right you have to give it to 95 sees anyone who's your employee so it doesn't include owners of an S corp or partnership they have to be common law employees to get a 1095 save so if your insurer don't worry about those individuals they're covered by your plan that are not employees Kovu participants they only get a 1095-c in the year they terminate coverage not in the year after including also retirees don't get a 1095-c so generally its employees its full-time employees as I indicated before so if you look at part one look at employee the individual employee will get a 1095 see you have to put their name social security number street address and then on the right side is you the applicable large employer now basically what you do is you have to every if you are a company that has a number of different key inv that actually employs them they will have to their AI n will go on the applicable large employer so if you have a company with three different divisions and three different divisions have employees and they each have their own separate AI n number you would issue a 1095-c for that applicable large employer who they work for who as a separate AI n please remember that so again that applicable large employer their name there so they're AI n number or street address will go there that's fairly simple where it gets complicated is part two of the 1095 1095-c is the employee offer and coverage in line 14 for what once you offer them coverage and from if you offer coverage to the entire family then in most situations you would use a code 1e for those months that you offer the whole entire family coverage if it's for all 12 months then you would indicate that in the first column if if you have an employee that wasn't work for you and in certain months they weren't were conferring there was no offer of coverage another important code is going to be one H no offer of coverage so if you have a lot of turnover that's going to be an extremely important code which I will go over in the next few minutes for most employers and then what they have to on line 15 put the dollar amount of what the employee will pay for the cheapest plan you offer them and it's only for single coverage so it's not the plan that they took it's the cheapest plan that you offer them and that and if it's the same dollar amount for each month it goes in the first column if not then the various amounts will be indicated in the various amounts what they that with the employee paid for a single coverage cheapest plan that will go there now and in only several situations will that line 15 be not completed and I will indicate when line 16 is the most complicated line there are a number of situations that are reported there for instance whether that employee was employed by you with that employee while whether they took coverage there's also a code if that person's in a waiting period or in a measurement period I will point those those codes out for you there is a possibility during 2022 that one employee could have two or three codes in one year especially if you have a lot of turnover people people come and go because that person could be not working for you in a waiting period and then took coverage depo that will be reported in line 16 so that's going to be the most labor-intensive section of the form there's also a special reporting if you have union employees and I will go over that in the next few minutes there's a code for that so I will explain and that in those situations now there's also special codes for employees that waive coverage and I will point those out so you only use those code those safe-harbor codes to report with your coverage was affordable or not and those only apply if that person waived coverage so I will point those out to you now because you're insured you don't have to complete part three you leave that blank the only time you would complete part three is if you are self-insured so since you are insured then you don't worry about that section because that's section part three mirrors the information that the employee will get on a 1095 see on 1095 B excuse me so again since it's coming from the insurance company that's one portion you don't have to do all right let's stop right here and say see do we have any questions if they waive coverage you USD what we call this the waiver codes which I will point out in a few minutes just be cautious everyone when we unmute it you can put if you're gonna be talking or you know we could hear everything you think yes the conference has been unmuted does anybody have any questions so far anyone correct that's the one they took but the one you offer them so if you offer three plans then you you would and they pick the most expensive plan you report the cheapest plan okay thank you anybody has any other questions yes I have a question about the use of the one eye which is on line 14 and when you would use that if you're using one a for when they have it's very limited I don't know of any situation that would you would use that but I will go through that when I go through line 14 so we'll examine that as we go through it thank you anybody has any other questions any general questions no any full-time person 80 bucks.

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