Chicago Illinois Form 1094-C 2024-2025

Chicago Illinois Form 1094-C: What You Should Know

Existing Coverage — Employer Contributions (1095-C) As an eligible employer, you must file a Form 1095-C if you are a qualifying health plan (HP)—employer-sponsored coverage.  The Form 1095-C document allows the Internal Revenue Service (IRS) to confirm University compliance with the coverage and affordability provisions  Existing Coverage — Employee Contributions (1095-C) All participating employees, as defined in the terms of the Employer Shared Responsibility Provision, must file a Form 1095-C before each payment is made to the Health Exchange on behalf of an eligible retiree. If you wish to qualify as an eligible employer, all eligible employees must have eligible coverage.  Other Health Plans — If you have other plans, you must file a separate Form 1095-C for each plan. You must also include this Form 1095-C with the employee's tax return for the year of enrollment (i.e., tax year in which an employee became eligible for coverage by the HP under this plan.) The employee's share of the HP premium tax credit, however, must be filed separately as well (form 8949 and Form 8950). Forms 1095-C and 1095-C-EZ: Loyola Health Plan. How Do I Report Health Insurance Under A Qualifying Health Plan? When an eligible employee enrolls in a HP, you will need to file an Employer Shared Responsibility Statement (ESR) for that employee in which you indicate that the employee is enrolled in one or more HP/Rsvps (Qualifying Health Plans), and provide this information to the IRS. These statements will be needed for all future years (for the employee's eligibility for the Health Insurance Marketplace). There is no filing fee for these statements; however, you should note that if you enroll your eligible employee in three or more HP/Rsvps at the same time, you must file the statement for each HP/RSHA. Please read Employer Shared Responsibility Statement (ESR) for HP/Rsvps to find out what information is required (and how to fill out a Form 1095-C with the required information), and what forms (e.g., 1095-C) are required for making these statements. See Exempt Organization Form (EOF) for more information.

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