Let’s boil down ACA compliance: Part 4 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Let’s boil down ACA compliance: Part 4

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in Payroll Today

It’s crunch time for health care information reporting. Under the Affordable Care Act (ACA), all large employers—employers with at least 50 full-time employees, including full-time equivalent employees (FTEs)—must report offers of health coverage to full-time employees on Form 1095-C and file those forms, along with the transmittal, Form 1094-C, with the IRS.

All means all: The IRS has clarified that all large employers, including employers that qualify for transition relief for 2015 and those that offer no group health benefits, must complete these forms for their full-time employees. Likewise, all full-time employees must receive forms, including employees who turn down your offer of coverage.

Small self-insured employers must provide all employees who enroll in coverage with Form 1095-B and file those forms, along with the transmittal, Form 1094-B, with the IRS.

The first forms are due to employees by Feb. 1, 2016, and to...(register to read more)

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