Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must
Certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic Rules Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report
Ever since the Affordable Care Act was signed into law, business owners have had to keep a close eye on how many employees they’ve had on the payroll. This is because a company with 50 or more full-time employees or full-time equivalents on average during the previous year is considered
The IRS updated frequently asked questions about employer responsibilities under the Affordable Care Act (IRS). The IRS recently revised some FAQs covering the ACA’s shared responsibility rule, information reporting on Forms 1094-C and 1095-C and reporting on offers of health insurance coverage. Visit http://bit.ly/28MZtKE to read the FAQs, or contact
