We have received inquiries from employers about the need to report the cost of the CHP on Form W-2 and sending Form 1095-B: Proof of Minimum Essential Coverage for the 2017 year.
Our legal department confirmed that the exemption from reporting the cost of health coverage for plans like the CHP remains in effect. This relief continues to apply until further notice and the IRS indicated that any change in the relief will apply prospectively only and will not apply to any calendar year beginning within six months of the date of the notice of change. As a result, employers in self-funded plans not subject to COBRA (e.g. the CHP) are not required to report the cost of coverage on their W-2s.
Regarding Form 1095-B: Proof of Minimum Essential Coverage, as long as nothing changes between today and the end of January, CPS will once again mail these forms to CHP members. Current rules state they need to be distributed by January 31, 2018 and CPS will comply and distribute in accordance with these rules.
Note: Large employers with 50 or more full time equivalents (FTE’s) subject to the ACA Large Employer Shared Responsibility Mandate will be required to complete and mail the 1095-C (proof of coverage offer and affordability). CPS will continue to provide guidance to these large employers, but the large employer must complete these reports.