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Your ACA Reporting Requirements Simplified

A Step-by Step Approach to Managing ACA Compliance

The new Affordable Care Act (ACA) reporting requirements are uncharted territory for many businesses. Learn what it takes to complete and file the necessary 1095 forms each tax-filing season — along with pointers for capturing data and managing the reporting requirements year-round.



Who Must Report — Are You an ALE?
Who Must Report — Are You an ALE?

Effective 2016, applicable large employers (ALEs) with 50 or more full-time employees must report health insurance coverage information to their employees and the IRS through the 1095-C (and 1094-C transmittal). Learn whether you’re an ALE and what that means.



1095 Forms and Guidelines

Under the reporting requirements for ALEs, you must distribute a 1095-C to all employees (regardless of whether they accepted healthcare coverage), as well as file a copy of the 1095-C and 1094-C transmittal with the IRS. Here’s some guidance on how to complete these forms.


1095 Forms and Guidelines
ACA Deadlines & Penalties
ACA Deadlines & Penalties

Similar to the timing for W-2s and 1099s, ACA reporting involves distributing employee statements by one date, followed by filing with the IRS by a second date. Make sure you’re aware of the tax-filing deadlines to avoid any penalties.


 

Managing Yearly ACA Reporting

Before you can fill out the 1095 forms, you must gather the necessary information from HR, payroll, benefits and your time-tracking system. This requires careful coordination and sharing throughout the year. Find out how to better manage the process.


Managing Yearly ACA Reporting