If your company offers health insurance to your employees, there are a couple tax forms to keep in mind when filing your taxes. If you're unable to locate any of these forms, please contact us through the Help section of your account.
A Section 125 Premium-Only-Plan (POP) document is the agreement with the IRS that allows employers and their employees enrolled in a qualified group health insurance plan to pay for health insurance premiums with pre-tax dollars.
If your benefits are managed by Gusto, we'll manage these documents at no additional charge. We'll send it to you to sign as part of the Health & Welfare Plan Document within 30 days of your plan becoming active.
To access this document, follow these steps:
Important: For customers whose benefits are managed externally, we're unable to manage this document. Please reach out to your health insurance broker with any additional questions you may have. Once you have this in place, you can set up your benefits for payroll purposes so that deductions are taken from your employees' pay and left in your company account to pay your insurance carrier.
Form 1095-C proves an employee either received or was offered health insurance by their employer. The form is sometimes provided to both the employee and the IRS by the employer.
For tax filings, 1095-Cs are only required for employers that had an average of at least 50 full time equivalent employees in the previous year.
If you had Gusto-managed benefits during a tax filing year and averaged 50+ full-time equivalent employees in the previous year, Gusto prepares the form for you and send it at the end of the year by mail. It will not be available in your Gusto account. If another broker manages your benefits, contact them directly for assistance with Form 1095-C.
Two tax forms are provided for employees who have an HSA: 1099-SA and 5498-SA.
How to find them: Avidia Bank sends applicable forms directly to enrolled employees. You can also find them in your Gusto Benefits Card Manager: