Reminder: Final NRECA ACA Tax Reporting Data Report Released Through Message Center on January 13
The final data report from NRECA to help cooperatives prepare for Affordable Care Act (ACA) tax reporting requirements for the 2016 tax year was released this past Friday, January 13. The report was provided to all co-ops in the NRECA Medical Plan, and those that sponsor a health reimbursement arrangement (HRA) administered by Cooperative Benefits Administrators (CBA). Report notifications were sent through the Message Center to the primary benefits administrator, as indicated in NRECA’s records, for the subgroups he or she administers.
This report includes the following data:
- Co-op name and subgroup number
- Demographic information for covered individuals (name, Social Security number, date of birth, address)
- The months each individual was covered by the NRECA Medical Plan and CBA-administered HRA plan, if applicable
Note: The report shows only the data NRECA has on file. Blank spaces on the report indicate fields where NRECA doesn’t have data. The data was originally provided to NRECA by co-ops, so co-op records may be more complete than the report.
Tax reporting deadlines
The deadlines for 2016 tax year reporting for co-ops are:
- February 28, 2017 to file forms with the IRS by mail
- March 2, 2017 (extended from January 31) to furnish forms to full-time employees
- March 31, 2017 to file forms with the IRS electronically
For general questions on ACA tax reporting, speak with your field representative. For questions on the NRECA data report, contact Jim Antetomaso at 703.907.6474 or jim.antetomaso@nreca.coop. You also can contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.
This article is provided for informational purposes only. NRECA is not authorized to provide tax or legal advice to co-ops about this topic. Co-ops should seek confirmation of this information from their tax or legal advisors.