Affordable Care Act (ACA) reporting for 2020 is just around the corner. From now until March 2021, employers will be focusing on preparing for 2020 ACA reporting, including creating and sending 1095-Cs to employees and submitting the transmittal 1094-C to the IRS. Here are a few best practices to … [Read more...]
How an Individual Coverage HRA impacts reporting for the Affordable Care Act in 2020
As an employer, do you offer an Individual Coverage HRA? If so, this will impact the information required on the IRS on Form 1095-C. The Individual Coverage Health Reimbursement Arrangement (HRA) was introduced in 2020 and is an alternative to a traditional group health plan. The HRA's primary … [Read more...]
Case Study: Fort Worth Independent School District
15,592 Employees 4,000 Employee Waivers 100% Reporting by IRS Deadlines Executive Summary Ft. Worth Independent School District (ISD) has a significant student enrollment with approximately 85,000 students managed by 15,592 employees, as reported in the recent school … [Read more...]
IRS Updates Filing Status for ACA Information Returns
The IRS announced it will open its Affordable Care Act Information Returns (AIR) operation beginning January 15, 2020, at 9:00 a.m. Eastern time. This operational date applies to tax years 2015, 2016, 2017, 2018 and 2019. Although Form 1094-C cannot be submitted until 1/15/2020, 1095-C forms … [Read more...]
ACA-Track™ Dedicated Client Advisor Highlight: Jameka Cox
When it comes to providing client service, Jameka Cox is a jack of all trades - implementer, trainer and supporter. Jameka, PSST's Client Implementation Manager, was a charter member of the ACA-Track™ team when the company developed the premier Affordable Care Act web-based solution in … [Read more...]
