Compliance Alert- Prepared By the Henderson Brothers Benefits Practice

New Quick-Hit Training Videos for the ACA Reporting Process

The IRS continues to actively enforce the Affordable Care Act employer reporting requirements. All Applicable Large Employers (ALEs) along with small employers that sponsor a self-insured, level-funded or ICRHA plan must make certain the appropriate IRS 1095 and 1094 forms are filed timely to the IRS. Additionally, the employee statements (1095-C, 1095-B) must be distributed to individuals on time as well. As a result of new electronic reporting rules, the vast majority of employers required to report must file to the IRS electronically. Employers that fail to comply with the ACA reporting requirements may face IRS penalties.

Aggregated ALE Groups

Employers that are part of the same controlled group or affiliated service group under IRC §414 rules due to common ownership or shared management or services are generally viewed as a single employer for various benefit compliance purposes, even though they have separate EINs. Refer to our Compliance Brief for more information about the reporting requirements for employers that are part of a larger Aggregated ALE Group.

HBI Comply on the Fly ACA Reporting Series

Click each thumbnail below for a quick presentation on specific components of the reporting rules. Each title is a link to your copy of the presentation materials.

If you are an ALE and have questions about the 1095-C codes for ICHRAs or you are a small employer required to report on the 1095-B and 1094-B forms, please reach out to a member of your HBI Benefits consulting team for information.

Completing the ACA 1094-C Form, Lines 18-22

Form 1095-C: Codes Reported for Taft-Hartley Union Coverage

Form 1095-C: Reporting offer of COBRA to Separated Employees

Form 1095-C: Reporting Offer of COBRA to Employed Individuals

Form 1095-C: Common Monthly Code Combinations

Completing the 1094-C Form, Part III

Self-insured & ICHRA Plan Sponsors Only 1095-C, Part III

Although every effort has been made to provide complete and accurate information, Henderson Brothers, Inc. makes no warranties, express or implied, or representations as to the accuracy of content in this article. We assume no liability or responsibility for any errors or omissions and the information presented should not be construed as legal advice. We suggest you consult with legal counsel before use.