IRS Provides Additional Codes for ICHRAs Under Section 6056

IRS Provides Additional Codes for ICHRAs Under Section 6056

The Internal Revenue Service (IRS) provided two additional codes from Code Series 1 to be used on Form 1095 for ICHRA Reporting on line 14. This is used for reporting offers of individual coverage HRAs (ICHRAs) under Section 6056. These codes were previously reserved (unused) on the IRS instructions. The new Codes are:

  • 1T. Individual coverage HRA offered to employee and spouse (no dependents) with affordability determined using employee’s primary residence location ZIP code
  • 1U. Individual coverage HRA offered to employee and spouse (no dependents) using employee’s primary employment site ZIP code affordability safe harbor These additional codes may be used when an employer offers ICHRA coverage to an employee and their spouse, but not to dependent children.

These additional codes may be used when an employer offers ICHRA coverage to an employee and their spouse, but not to dependent children.For plan years beginning on or after Jan. 1, 2020, employers may offer HRAs integrated with individual health insurance coverage or Medicare, subject to certain conditions (ICHRAs); they included a number of changes related to offers of ICHRA coverage, including eight additional codes in Code Series 1 (Codes 1L-1M) that may be used to report offers of ICHRA coverage.

News & Latest Posts

PCORI Guide & 30-Second Checklist

June 13, 2024

WHAT IS PCORI? PCORI stands for Patient-Centered Outcomes Rsearch Institute. The acronym…

A Response To IRS Call for ACA Feedback

June 11, 2024

By Ken Phillips BENEFITSCAPE CHIEF INNOVATION OFFICER ________________________________________________________________ The IRS has invited…

ACA Filing Errors: What To Do Next

May 13, 2024

You met the IRS reporting deadline. But now it’s time to correct…

Late Filings & Other Timely ACA Tips

May 9, 2024

Now that the April IRS deadline for ACA reporting has come and…

Regtech Transforming IRS Powers

April 29, 2024

Without much fanfare, a radical data science revolution is taking place inside…

ACA Deadlines Almost Here

February 26, 2024

The IRS ACA reporting DEADLINES for TY23 [filing in 2024] are as…

Scroll to Top