HR Updates

NEW TAX FORM 1095-C

Form 1095-C

Click to enlarge


If you are in a full-time, benefit-eligible position or in a part-time position and enrolled in the University’s Employee Health Care Plan, you will receive a Form 1095-C at the end of January.  This form will confirm the university’s offer of health coverage to you and your enrollment (if enrolled), together with an enrollment confirmation for any other enrolled family members.

Based on the difficulties many employers are experiencing in creating these new forms, the IRS has extended the deadline for delivery of individual employee forms to March 31, 2016.  The university will provide the forms to employees as soon as possible.  (This extension does not apply to W-2 forms – they will be available by the end of January.)

You do not need to send the Form 1095-C with your taxes.  If you wish to file your taxes prior to receiving your Form 1095-C and you are unsure of the months in which you had coverage through the university or whether you were eligible for a premium tax credit for coverage you obtained through the Federal Marketplace, please contact the Benefits Department at 801-581-7447.

For information about Form 1095-C, see the Benefits Department’s Web page at hr.utah.edu/benefits/1095C.php.

Consent to receive your Form 1095-C and W-2 electronically. If you elect to receive the forms electronically, you will be able to view and print both forms at any time. Login to CIS and click on the “1095-C Consent Form” link in the “Employee Self Service Apps” section.


HR Updates

TAX FORM 1095-C WILL BE COMING AT THE END OF JANUARY
Form 1095-C
If you are in a full-time, benefit-eligible position or in a part-time position and enrolled in the University’s Employee Health Care Plan, you will receive a Form 1095-C at the end of January.  This form will confirm the university’s offer of health coverage to you and your enrollment, together with an enrollment confirmation for any other eligible family members covered by the plan.

You will use this form when you file your 2015 tax returns. For information about Form 1095-C, see the Benefits Department’s Web page at hr.utah.edu/benefits/1095C.php.

Consent to receive your Form 1095-C electronically.  You will be able to view and print the form at any time.  Login to CIS and click on the “1095-C Consent Form” link in the “Employee Self Service Apps” section.

 

 


ELECTRONIC W-2 CONSENT

W-2 forms are available to University of Utah faculty and staff electronically. Benefits of opting to receive your W-2 electronically include:

– Helping the University go green. If you file your tax return electronically, a paper copy of the W-2 is not required.

– You will receive your W-2 several days earlier than paper copies.

– Your sensitive personal information will not be sent through the mail.

– A positive impact on the university’s budget.

– Your past W-2s are available online back to 1999.

– You may print the PDF if a printed copy is desired.

– You only need to consent to receive your W-2 electronically once during your employment at the university.

Please take advantage of this opportunity by signing up by Jan. 14, 2016.

To sign up:

1. Sign on to the CIS and click the ‘Employee’ tab (if it is not your default tab).

2. Click ‘Payroll, Taxes and Salary.’

3. Click ‘W-2 Consent Forms’ and you will have the option to select to receive your W-2 electronically.

ATTENTION: Delivery change for 2015 W-2s and future years. If you do not consent to receive your W-2 electronically by Jan. 14, 2016, then you will only receive a printed W-2 and you will NOT have access to an electronic W-2 (consent is required only once during your employment at the university).

Thank You,
Financial & Business Services


CAMPAIGN FOR OUR COMMUNITY
cfoc_logo
The University of Utah’s Campaign for Our Community is an annual event to encourage staff and faculty to conveniently donate to charitable organizations in our community that provide vital services to those with a critical need. For example, a contribution of just $2 per paycheck would provide a week’s supply of food for one family at the Utah Food Bank, send two kids to Camp Hobé for a day or make possible food and refuge for a cat or dog at the Wasatch Humane Shelter.

This year’s campaign is now open; to donate, please visit the campaign webpage where you will be able to make a payroll deduction election and/or complete and submit a pdf donation form (to donate by credit card or check).


HR Updates

ELECTRONIC W-2 CONSENT

W-2 forms are available to University of Utah faculty and staff electronically. Benefits of opting to receive your W-2 electronically include:

– Helping the University go green. If you file your tax return electronically, a paper copy of the W-2 is not required.

– You will receive your W-2 several days earlier than paper copies.

– Your sensitive personal information will not be sent through the mail.

– A positive impact on the university’s budget.

– Your past W-2s are available online back to 1999.

– You may print the PDF if a printed copy is desired.

– You only need to consent to receive your W-2 electronically once during your employment at the university.

Please take advantage of this opportunity by signing up by Jan. 14, 2016.

To sign up:

1. Sign on to the CIS and click the ‘Employee’ tab (if it is not your default tab).

2. Click ‘Payroll, Taxes and Salary.’

3. Click ‘W-2 Consent Forms’ and you will have the option to select to receive your W-2 electronically.

ATTENTION: Delivery change for 2015 W-2s and future years. If you do not consent to receive your W-2 electronically by Jan. 14, 2016, then you will only receive a printed W-2 and you will NOT have access to an electronic W-2 (consent is required only once during your employment at the university).

Thank You,
Financial & Business Services


CAMPAIGN FOR OUR COMMUNITY
cfoc_logo
The University of Utah’s Campaign for Our Community is an annual event to encourage staff and faculty to conveniently donate to charitable organizations in our community that provide vital services to those with a critical need. For example, a contribution of just $2 per paycheck would provide a week’s supply of food for one family at the Utah Food Bank, send two kids to Camp Hobé for a day or make possible food and refuge for a cat or dog at the Wasatch Humane Shelter.

This year’s campaign is now open; to donate, please visit the campaign webpage where you will be able to make a payroll deduction election and/or complete and submit a pdf donation form (to donate by credit card or check).


Benefiting U

WellU cooking class – health benefits of olive oil
Monday, Feb. 9 | 6–8 p.m.

Join Chef Carl to learn all about olive oil: the differences, health benefits, best uses and tastes. Participants will taste test extra virgin olive oil, organic extra virgin olive oil and infused olive oils. Recipes will include cooking breakfast with olive oil instead of butter and cooking chicken with lemon and olive oil.
Olive oil
This month’s cooking class will be held on Monday, Feb. 9 from 6-8 p.m. at the Salt Lake Culinary Center (2233 S. 300 East).

The cost is $20 per person, which includes the class and the meal for each participant. Payment method is a one time, automatic payroll deduction.

Registered employees will be charged for the class regardless of attendance.

Class registration will open today at 4 p.m. Click here to register.

Classes are limited to 30 and fill quickly. If you would like to register for more than one person please register yourself twice. Limited to two registrations per person.

*This cooking class is sponsored by WellU; however, attendance does not count toward fulfilling the requirements for the WellU discount. For information on WellU, please see the Program Requirements brochure.


Marketplace Health Insurance Fairs
Thursday, Feb. 5 and Friday, Feb. 6

Marketplace Health FairsUniversity of Utah Hospitals and Clinics’ Human Resources will host two final marketplace health insurance fairs in February. Vendors offering coverage in Utah through the health insurance marketplace will be on site to answer questions and provide plan details for employees and/or family members not covered through the university’s health care plan.

Why attend: The Affordable Care Act requires individuals to have health insurance or incur a tax penalty. Enrollment ends Feb. 15 for coverage effective March 1.

Health insurance vendors anticipated to participate: Arches Health Plan, BridgeSpan, Humana and Molina Healthcare.

When: Two sessions are available in advance of the Feb.15 final deadline

Thursday, Feb. 510 a.m. – 12 p.m.Red Rock Conference Room (hospital A level) Friday, Feb. 61 – 3 p.m.Red Rock Conference Room (hospital A level)

Understanding Your form w-2

Information about university benefits is included in several boxes on your Form W-2. Employees who are enrolled in the university’s employee health care plan will see their pre-tax deductions in Box 14, combined with any health FSA amounts deducted. You will also see the amount the university contributed toward the cost of your health coverage in Understanding W-2Box 12 (code DD).

Reporting the employer amount is a new Affordable Care Act requirement this year. While this amount is reported on your Form W-2, it is not taxable to you.

When you complete your tax return for 2014, you will be asked if you and your family members were enrolled in health insurance. This information will be self-reported for 2014. The IRS has proposed draft forms for employers to provide next year, confirming monthly coverage for you and each of your family members. (Make sure the Benefits Department has social security numbers for all of your enrolled family members so this information can be provided).

For additional explanations on the information reflected on your Form W-2, see the Tax Services’ website.