The Affordable Care Act (ACA) requires applicable large employers (those having at least 50 full-time employees) to file information returns regarding the health insurance coverage that they offered with the Internal Revenue Service and to provide statements about their health insurance coverage to their full-time employees. These information returns are used to monitor compliance with the ACA. Due to their crucial role in the administration of the ACA, these new reporting obligations tend to be complex and require considerable attention. Not complying with the new reporting standards will result in penalties and an increased risk of audit. For these reasons, it is vital to go to a third-party filing service to help simplify the process of ACA reporting.

 

How the 1095/1094 filing works

We are offering a complete outsourcing solution for 1095-C and 1095-B reporting. For the last seven years, we have been a leading source for 1099 and other Information Return Forms. Now, we offer the same simplicity and the lowest price in the industry for the Affordable Care Act Information Reporting. Our services include the printing and mailing of form 1095-C and 1095-B and e-filing with the IRS using their new AIR filing system.

With our 1095 and 1094 reporting services, you do not have to worry about purchasing software or annual renewals. We help businesses focus on their core competency while we take care of their information reporting.

Our service model offers two distinct services. With our web-based self-service model, businesses with a small number of forms enter or upload their information online using our easy-to-use website, while we take care of the printing, mailing, and e-filing from our end. With our outsourcing model, we do all the work. We upload your data into our system, we validate all formatting or business rules errors, and then we print, mail, and e-file the 1095-C and 1095-B forms. If you have a large number of forms (250 or more forms), we ask you that you get this process started as early as possible to make sure you have a date reserved for mailing out your forms.

 

ACA Filing Requirements

Employers with 50 or more full-time employees (including FTEs – Full-time Equivalent Employees) and all self-insured employers regardless of size must report their healthcare coverage information to their employees and the IRS. Applicable Large Employers (ALE) (those that employ 50 or more full-time employees) are required to report under section 6056.

For more information on ACA Filing requirements, click here.

 

ACA Filing Deadlines

Applicable Large Employers (ALE) are still required to report coverage for the year 2020. Form 1095-C and Form 1095-B statements must be provided to full-time employees by January 31, 2021. The due date for electronically filing Forms 1094/1095-B and 1094/1095-c is March 31, 2021.