We made it through the first year of Affordable Care Act (ACA) annual reporting for applicable large employers. Applicable large employers are those with 50 or more full-time (or full-time equivalent) employees.
These reporting requirements include providing and submitting forms that detail whether coverage was offered and utilized by individual employees.
What does this mean for applicable large employers?
You will need to provide each of your employees who
was full time for one or more months with a 1095-C form,
which includes information about health coverage that you
offered throughout 2016. These forms must be provided to
employees on or before January 31, 2017.
You will also be the resource for employees who have
questions about the forms and information. This means that
you need to be familiar with all of the requirements for
employees as well so you can assist.