Affordable Care Act (ACA) – Get Informed
The Affordable Care Act (ACA) is a law designed to ensure affordable health care coverage to more Americans.
As a result, commencing in 2016, large employers, employers with more than 50 fulltime FTE are now required by law to report detail to the IRS regarding fulltime employees offered affordable health and welfare benefits.
What does this mean?
Large employers (more than 50) will be required to submit forms 1094-C and 1095-C to the IRS.
In addition, in some cases employers may receive from brokers or insurance carriers Forms 1095-B, which is similarly the same detail included in Form 1095-C
Part-time employees and even some non-employees may receive a Form 1095-C if such employees are covered under a self-insured plan.
Are you prepared?
For more detail surrounding ACA reporting and compliance you may visit the following web sites:
ACA Stay informed, Ensure Compliance!!!