ACA
Is your Affordable Care Act documentationready for the 2016 tax filing process?
What does this mean for employees?
You will receive a 1095-C form from your employer. This form will include information about health coverage that was offered to you throughout the year. You should receive your form on or before January 31. It will be sent to any employee who was at fulltime status for one or more months during the year.
The 1095-C form doesn’t have to be filed with your taxes, but you will need the information provided on it to complete your tax return. Be sure to keep it on file even after you have submitted your tax return.
Some employees will also receive a 1095-B form from their insurance carriers, which includes information on individuals who were covered by the plan during the year.
Simple to Use Employee Performance Reviews. Native to our payroll software.
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.
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.
ACA Overview