Client Alert: IRS Issues Draft Instructions for Health Coverage Reporting

The IRS has issued draft instructions for the forms employers will use to report health coverage information required by the Affordable Care Act.  The draft instructions should not be relied on, but they are indicative of the types of information that the IRS will expect employers to provide to satisfy the new reporting requirements.  Filing is voluntary for 2014, but forms reporting 2015 coverage information will be required to be filed and provided to employees in early 2016.  The instructions and related forms are expected to be finalized later this year.