ACA Reporting Requirements for Employers
The Affordable Care Act (ACA) mandates a minimum level of health insurance coverage for all employees and their families at all applicable large employers (ALEs). As an employer, you should report the coverage to the IRS annually. Failure to file in due time will attract penalties. You will file the returns using forms 1094 and 1095. Who Is Subject to ACA Reporting? Employers with employees who get their insurance from the business must report those employees' health coverage. You should file this under section 6055 of reporting. The government expects all applicable large employers (ALEs) to report their Affordable Care Act coverage to their employees. An ALE is any employer with 50 or more full-time employees or their equivalent. A full-time employee works mo...
