Important Tax Information

As you prepare to file your 2017 income taxes, you may be asked about a form called Form 1095-C. The Affordable Care Act requires employers to furnish Form 1095-C to current and past employees who were covered in the employer sponsored medical plan for all or any portion of the tax year. In December, 2017, the IRS extended this year’s deadline for employers to furnish to employees the Form 1095-C from January 31st to March 2, 2018.

Please be aware that the extension to employers should not impact or delay a tax filer’s ability to file their income taxes as usual. Individual income tax-filers are not required to submit Form 1095-C when they file their taxes this year.  When the form does arrive (around March 2nd), be sure to keep the form with your personal tax records as documentation.

You may need to know the answers to a few basic questions when preparing your return:

  • Does Middlebury’s plan meet the minimum essential coverage criteria as mandated by the Affordable Care Act?   Yes.
  • Were you covered for all 12 months of the year? Each employee should know the answer to this.

If you have any questions, please feel free to reach out to the Human Resources Benefits Department at (802) 443-3372.

Here are several links to the IRS website where more information on this topic can be found:

https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Individual-Shared-Responsibility-Provision

https://www.irs.gov/Tax-Professionals/ACA-Information-Center-for-Tax-Professionals