To SRA members
ATT has sent the following information to all the retiree organizations . Please be sure you check with your tax advisers regarding this matter.
AT&T wanted to notify you about updated timing for distribution of Form 1095-C, the new tax form that AT&T employees and other health program participants will receive with information on health coverage in 2015. It was previously shared that AT&T would provide Form 1095-C in January, but due to an extended deadline from the federal government, Form 1095-Cs will now be available online or mailed to AT&T employees, former employees, and dependents (including survivors/COBRA dependents) by March.
As background, the Affordable Care Act (ACA) requires employers to send IRS Form 1095-C (Form) to all eligible employees and health coverage participants beginning with Plan year 2015. At AT&T, Plan year means calendar year 2015, and Health coverage includes an AT&T Medical, CarePlus, or Health Reimbursement Account (HRA) benefit plan or program.
The ACA requires all Americans to have qualifying health coverage or pay a tax penalty. Form 1095-C will indicate whether or not a participant had qualifying coverage from AT&T in 2015. If a participant was enrolled in a fully-insured managed care option (such as an HMO) from AT&T in 2015, Part III of their Form 1095-C may be blank. AT&T Health coverage satisfies the ACA requirement for qualifying health coverage.
The IRS advises that taxpayers should not include Form 1095-C when they file their tax return and do not need to wait for Form 1095-C to file their taxes. Participants are advised to speak with their tax advisor or access www.irs.gov, for additional information about the Form or any potential tax penalty.