Sections 6055 & 6056 Reporting Requirements
IRS Code Section 6055 states that every provider of minimum essential coverage will report coverage information by filing an information return to the the IRS and furnishing a statement to individuals. The information is used by the IRS to administer and for individuals to show compliance with the individual shared responsibility provision in Section 5000A. Form 1095- B for insured coverage and Form 1095-C (Part III) for self insured coverage.
IRS Code Section 6056 requires applicable large employers to file information returns with the IRS and provide statements to their full time employees about the health insurance coverage the employer offers. This information is reported on Part II of Form 1095- C. The IRS will use this form to calculate penalties.