In March 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. The regulations provide guidance on the data elements, the process of reporting to the IRS, and the furnishing of statements to individuals. 

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Updated IRS Reporting Requirements for Affordable Care Act (ACA)

Sep 26, 2016

September 26, 2016

In March 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. The regulations provide guidance on the data elements, the process of reporting to the IRS, and the furnishing of statements to individuals.

The final regulations provide for combined reporting using a single form for employers that self insure and simplified reporting alternatives for employers that offer affordable coverage to substantially all full-time employees.

See the below Resources section for final regulations on Minimum Essential Coverage (MEC) and Applicable Large Employer (ALE) reporting.

Effective Date:

In 2016, employers and insurance issuers were required to provide data they collected in 2015 to the IRS. Annually, information returns are due no later than Feb. 28 of the following calendar year (or March 31 if filing electronically). Individual statements are due no later than Jan. 31 of the following calendar year.

The reporting is divided into two segments:

  • MEC reporting applies to health insurance issuers and sponsors of self-insured health plans
  • ALE reporting applies to employers with at least 50 full-time equivalent employees

Employer Impact:

Employers subject to the reporting requirements must collect the information required on the information returns and employee statements.

Payroll Technology:

Ceridian offers support for Forms 1094-C and 1095-C to its Payroll and Tax Service customers, including printing the employee copies and filing with the IRS.

Resources:

Final regulations on MEC reporting.
Final regulations on ALE reporting.