PPACA. ACA. healthcare reform Archives

IRS Extends ACA Reporting to Employees

December 28, 2017

6055/6056 Reporting, Affordable Care Act (PPACA), Compliance Alert, IRS

On Friday, December 22, 2017, the IRS extended the 2018 due for Applicable Large Employers (ALEs) to furnish 2017 health coverage forms (Forms 1095 C/B) to individuals. Employers now have until March 2, 2018 to provide these forms. This is a 30 day extension from the original due date of January 31, 2018. As a […]

IRS Provides Major Delay in 6055 and 6056 Reporting

December 29, 2015

6055/6056 Reporting, Affordable Care Act (PPACA), Compliance Alert, Employer Mandate, IRS

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium […]

Trade Bill Increases ACA Reporting Penalties; Reinstates Tax Credit

July 13, 2015

6055/6056 Reporting, Affordable Care Act (PPACA), Compliance Alert, Employee Benefits, Employer Mandate, IRS

Most employers are familiar with the penalties assessed to applicable large employers that fail to offer minimum essential coverage that is minimum value and affordable. In addition to being required to offer coverage, employers (all applicable large employers, and all employers with self-funded plans regardless of size) are required to complete IRS reporting forms under […]