What the Paperwork Burden Reduction Act Means to You

The Paperwork Burden Reduction Act was signed into law on December 23, 2024. Applicable large employers (ALEs) and employers of any size with self-insured plans (e.g., health reimbursement arrangements) no longer have to send Form 1095-C (for ALEs) or 1095-B (for self-insured plans) to covered individuals unless a form is requested. Employers have to give notice to employees of their option to request a form, and if the request is made (which can be done online), then send it by January 31, or 30 days after the date of the request, whichever is later. #IdeaoftheDay

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