ACA tracking and reporting requirements can be a challenge. We can help ensure your compliance!
The Affordable Care Act (ACA) imposes demanding reporting responsibilities on employers each calendar year since 2015. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C). The filing requirements are based on an employer’s health plan and the number of employees. Inability to file or report correctly will result in numerous and expensive fines for employers.
TASC will help you with the following:
Determine if your organization is considered an ALE.
Determine if your plan is "affordable" and of "minimum value" per current regulations.
Complie and validate information for reporting to the IRS and your employees.
File required IRS forms, thoroughly and on time.