Form 1094-B, Transmittal of Health Coverage Information Returns
Form 1094-B is the transmittal form that accompanies Form 1095-B when filing with the IRS each year. Together, Forms 1094-B and 1095-B are used to report the type of coverage offered by health care providers to individuals and verify an individual and any dependents that received at least minimum qualifying health insurance coverage from the provider during the calendar year.
Who needs to file Form 1094-B?
Providers who furnished Minimum Essential Coverage (MEC) to an individual during a calendar year must file Form 1094-B with the IRS when filing Form 1095-B. Form 1094-B is used to submit Forms 1095-B to the IRS, and is only sent to the IRS, not to the individuals who received coverage.
Form 1094-B Filing Deadline
Beginning with the 2023 tax year, providers must file Form 1094-B to the IRS with Form 1095-B. Both forms are due to the IRS by February 28th (if paper filing) or by March 31st (if e-filing) of the year following the calendar year of coverage. If the regular due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day.
Late Filing Penalties
Providers that fail to comply with the filing requirements may be subject to penalties. The penalty for failure to file information returns is $310 for each missing return, with a maximum penalty of $3 million. Special rules apply that increase the total penalties if there is an intentional disregard of filing requirements.