On Dec. 17, 2024, the House Ways and Means Committee and the Senate Finance Committee presented two bills—the Paperwork Burden Reduction Act (PBRA) and the Employer Reporting Improvement Act (ERIA)—to President Biden, which he signed into law on Dec. 23, 2024. Both laws modify provisions under the Patient Protection and Affordable Care Act (the “ACA”) related to the 1095-B and 1095-C tax forms. Below are some highlights of the acts.
The PBRA amends the Internal Revenue Code and reduces unnecessary paperwork related to health insurance coverage reporting for employers and employees.
Previously, employers that provided minimum essential coverage were required to report this information to the IRS and provide each covered individual with a 1095-B or 1095-C tax form by Jan. 31 of each year. Effective for tax forms starting with the 2024 calendar year, the PBRA provides for the following changes:
1. Employers are no longer required to send the 1095-B and 1095-C tax forms to covered individuals unless a form is requested. However, employers must inform covered individuals of their right to request a form.
2. If a 1095-C tax form is requested, it must be furnished to the individual by Jan. 31 or 30 days after the date of the request, whichever is later.
In sum, the IRS allows the 1095-B tax form to be made available to individuals only upon request. The PBRA extends the same flexibility to the 1095-C tax form. This means forms which would...
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