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Deciphering the ACA Reporting Rules

Complimentary Webinar

Tuesday, March 3, 2015
10:00 – 11:00 am CST

The Affordable Care Act (“ACA”) potentially imposes two new reporting requirements on employers under Tax Code Sections 6055 and 6056.

Code Section 6055 requires certain employers to provide employees with an information statement regarding minimum essential coverage provided to an individual during a calendar year. The information reported under Section 6055 may be used by both individuals and the IRS to verify the months (if any) during which the individuals had minimum essential coverage ‒ thereby satisfying the ACA’s individual mandate.

Under Code Section 6056, certain employers must report information to the IRS regarding the health coverage they offer their full-time employees, as a way of assisting the IRS in its enforcement of the play-or-pay mandate. Both of the new reporting requirements will apply to coverage offered in 2015.

Among other things, this webinar will summarize the requirements under Sections 6055 and 6056, explain which entities must file which reports, discuss when the reports can be combined, and review the applicable filing deadlines for each report.

This webinar is pre-approved for 1 HRCI general credit.

Click here to register.