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Accordingly, large employers are still obligated to provide Forms 1095-C to their employees and the IRS, even though the forms will have little or no practical effect for employees. Although the change in the law eliminated the individual mandate penalty, it had no effect on a large employer’s obligation to offer minimum essential health coverage to its employees (known as the “employer mandate”), or on an employer’s reporting obligations to the IRS and its employees regarding its offer of health coverage. If you are an employer with more than 50 full-time employees, this technicality is important. Thus, effective for 2019 forward, individuals are still required under the law to have health insurance, but will not be subject to any penalty for not complying with the law. The truth is that the 2017 Tax Act did not actually repeal the individual mandate instead, it eliminated the penalty individuals must pay for not having health insurance. Although the “Individual Mandate Repealed” headline is basically true for all practical purposes, it is not the whole story.

If you watch the news, you may have heard that the requirement known as the “individual mandate” under the Affordable Care Act, which generally requires that individuals either obtain health insurance or pay a penalty, was repealed by the Tax Cuts and Jobs Act of 2017.