Archive for October, 2018

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IRS Releases Forms 1094 and 1095 for Early 2019 Reporting

IRS Releases Forms 1094 and 1095 for Early 2019 Reporting

The IRS has released the Forms 1094-C1095-C1094-B, and 1095-B that employers will use in early 2019 to report on the group health insurance coverage they offered during the 2018 calendar year. Instructions on how to complete Forms 1094-C and 1095-C and Forms 1094-B and 1095-B have also been released.

As a reminder, employers with 50 or more full-time employees (including full-time equivalent employees) generally must furnish a Form 1095-C to all full-time employees by January 31, 2019, and file Form 1094-C and all Forms 1095-C with the IRS by February 28, 2019 (or March 31, 2019, if filing electronically). Meanwhile, self-insured employers with fewer than 50 or more full-time employees (including full-time equivalent employees) generally must furnish a Form 1095-B to all responsible individuals by January 31, 2019, and file Form 1094-B and all Forms 1095-B with the IRS by February 28, 2019 (or March 31, 2019, if filing electronically).

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Looking for more affordable health insurance options?

Looking for more affordable health insurance options?

Short-term medical plans could be the solution for you and now you can purchase them for the entire year.

In August, the Department of Health and Human Services (HHS) issued a final ruling on short-term medical (STM) plan durations. These plans can be purchased off the marketplace. In that ruling, 90-day plan limitations were lifted, meaning states will have the option to allow carriers to sell short-term medical health insurance policies lasting anywhere from 30 to 364 days. Texas will offer 364 days of continuous coverage on short-term medical plans.

Effective 9/28/18 Texans will be able to select 10/2/18 effective dates with the longer duration short-term medical policies for health insurance.

These options may be more affordable, but buyer beware!

Texas Medical Plans works with several Texas health insurance carriers to offer short-term medical policies, but we want to be sure you understand what you are enrolling in. Contact us at (512)847-3164 to speak with an adviser to see if a short-term medical insurance plan may be the best fit for you. Advisors are standing by to take your call now.

PO Box 1270 Wimberley, TX, 78676
15577 RR 12 Wimberley, TX, 78676

Get in touch with us at
TexasMedicalPlans@health-quotes.com

Get a Consultation, Call Now
Phone: (888)750-3164
Fax: (512) 847-3663