ACA Compliance

Affordable Care Act (ACA) reporting requirements are healthcare coverage documents that employers must annually file with the IRS if healthcare is offered to employees.

 Employers with 50 or more full-time employees (including full-time equivalent employees) within the previous year and all self-insured employers regardless of size must report healthcare coverage information to employees and the IRS.

Changes in ACA reporting for the year 2020

Starting with 2019 tax returns (filed in early 2020), there will no longer be a penalty for not having insurance, but forms 1095-A and 1095–C will still be filed by the exchanges and employers, so those premium subsidies can be reconciled on tax returns.

Codes for 1095-A and 1095-C can be overwhelming and confusing! To make it easy, we have converted the codes into easy English! Please refer to the easy ACA Codes Cheat Sheet that we have compiled just for you!