ACA Reporting

The Affordable Care Act includes several regulations that have a major impact on employer-sponsored health care coverage. Some of these regulations set certain parameters around health care plan coverage and administration, while others may have a financial and/or compliance impact for the employer.

Since 2015, the Affordable Care Act (ACA) requires Applicable Large Employers (those having at least 50 full-time employees in the prior year) to satisfy certain annual reporting requirements regarding the health insurance coverage they offer.

Applicable Large Employers (ALE) are required to provide 1095 forms to their full-time employees, as well as file 1094 and 1095 forms to the Internal Revenue Service. These forms are intended to verify whether employers are compliant with the ACA requirements to provide coverage that meets minimum value and minimum affordability standards for their employees.

Our team provides a hands-free solution for employers to meet these complex ACA Reporting requirements. We work with employers to assist with the ACA code assignments necessary to accurately populate the 1095C forms, as well as facilitate the mailing of forms to employees and finalize the electronic submission of forms to the IRS. In the event the IRS should request corrections to a filing, such as Name/TIN mismatch, we also assist with the submission of any required corrections.

*In past years, the IRS has extended the Jan. 31 deadline by 30 days.

Source: IRS.

Our team can assist you with compiling and filing the mandatory 1094C and 1095C forms required by the IRS.