By now, you are well aware of the ACA compliance requirements and the recent IRS extension. In January, we provided our readers with a summary of required ACA forms; however, we wanted to provide some additional advice. Below we've listed out a few tips we believe are pertinent to dealing with … [Read more...]
Required ACA Forms
Central to Affordable Care Act (ACA) compliance and reporting, is understanding of the forms that are required to be submitted to the Internal Revenue Service (IRS) each year. These forms assist individuals in completing their taxes and aid the IRS in enforcing the Patient Protection and Affordable … [Read more...]
2015 1095-B and 1095-C Due Dates Extended by the IRS
On December 28, 2015, the Internal Revenue Service (IRS) released Notice 2016-4 announcing it will extend the due date for employers with more than 50 employees to provide 2015 form 1095-B, Health Coverage and 2015 form 1095-C, Employer Provided Health Insurance Offer and Coverage to each … [Read more...]
The Affordable Care Act Interstate Highway Approach
Back in the day – before the U.S. Interstate system – highway travel consisted of two-lane roads with many stop signs, slow traffic and detours. Scenic, but slow. Importing and moving data into ACA compliance software solutions is proving to be a somewhat similar experience to pre-interstate … [Read more...]
ACA: Lower Percentage Does Not Mean Less Reporting
Yes, the IRS is granting some relief for ACA compliance in 2015! Yes, the IRS is lowering the percentage of full-time employees and their dependents who need to be offered coverage from 95% to 70%. And yes, this will help Applicable Large Employers (ALE’s) avoid one of the potential penalties or … [Read more...]
