This article is for employers and employees who have health insurance through Gusto. Here are the tax forms you may need, depending on your role and benefits.
This section is for employers of all company sizes.
A Section 125 Premium-Only-Plan (POP) document complies with Internal Revenue Service (IRS) regulations. It allows employers and their employees enrolled in a qualified group health insurance plan to make pre-tax payments for premiums.
If we manage your benefits, we handle these documents at no extra 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.
Note: There may still be costs for the health insurance plans themselves.
To access this document:
Go to Documents.
Choose the Benefits tab.
You need the Benefits admin permission or be a global access admin to access this.
Click Health & Welfare Plan Document.
This document is only available here if we manage your benefits. If you use a different broker for health insurance, reach out to them directly for this document and any other questions about your health insurance.
If no one has signed the document yet, have your company’s signatory do so.
This section is for employers with 50 or more full-time equivalent employees.
Form 1095-C proves that an employee either got or was offered health insurance by their employer. The employer sometimes provides the form to both the employee and the IRS.
For tax filings, 1095-Cs are only required for employers that averaged 50 or more full-time equivalent employees in the previous year.
If you had Gusto-managed benefits through the end of a tax filing year (December 31) and averaged 50 or more full-time equivalent employees in the previous year, we’ll mail the form directly to you. It will not be stored in Gusto. If another broker manages your benefits, contact them directly for help with Form 1095-C.
This section is for employees who have a Health Savings Account (HSA).
Two tax forms apply if you have an HSA:
1099-SA: You get this by January 31. It shows your annual distributions. You only receive this form if you made distributions from your HSA in the prior calendar year, meaning you spent HSA funds on qualified expenses.
5498-SA: You get this by May 31. It shows your annual contributions.
Find your HSA tax forms
UMB Bank sends applicable forms directly to enrolled employees, unless you’ve changed your delivery preference to electronic delivery only.
You can also find your forms in the Benefits Card Hub:
Click Benefits.
Find the HSA tile and click View.
Click Open Benefits Card Hub.
At the top-right corner, click the circle with your initials.
Click Manage Account.
Go to the Statements & Documents tab.