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Video instructions and help with filling out and completing Which Form 1094 B Charities

Instructions and Help about Which Form 1094 B Charities

Hello, this video provides a walkthrough of a filing guide tool created by Greatland to help you determine how to complete lines 14 through 16 on Form 1095-C. I will provide an overview of part two, which covers lines 14 through 16 on Form 1095-C. Then, I will demonstrate the use of Greatland's filing guide tool by using a common filing scenario and showing you an example of a report generated from this tool. Lastly, I will show you how you can get direction on your own common employee scenarios for lines 14 through 16. Form 1095-C is an area generating the most questions by filers. Let's review each line. On line 14, enter the code identifying the type of health coverage, if any, offered to the employee, the employee's spouse, and the employee's dependents. There are ten applicable codes for line 14. Please refer to the 1095-C instructions for a description of each code. The code does not necessarily match the coverage in which the employee is enrolled. For example, let's say that the employee is offered family coverage but enrolls in employee-only coverage. Line 14 should indicate that the employee was offered family coverage. Line 14 is all about the offer. A code must be entered for each calendar month, January through December, even if the employee was not a full-time employee for one or more calendar months. On line 15, enter the employee's required contribution, which is generally the employee's share of the monthly cost for the lowest cost self-only minimum essential coverage providing minimum value that is offered to the employee. Keep in mind that the amount entered might not be the amount the employee is actually paying for coverage. For example, if the employee is enrolled in family coverage and pays $300 per month, but the monthly...