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Affordable Care Act Update: Guidance on Completing 2015 Informational Forms 1094-C, 1095-C, 1094-B and 1095-B
Posted by Ron Morrison on Thu, Mar 10, 2016 @ 02:48 PM

Affordable Care ActThe Affordable Care Act (ACA) brought a slew of requirements to employers, both those who provide health insurance for their employees and those who don’t. Complying with the requirements and reporting on how compliance is met makes following the ACA particularly cumbersome.

Most of the ACA’s requirements affect employers with an average of at least 50 full-time employees (or full-time employee equivalents) during the calendar year.  Referred to as Applicable Large Employers (ALEs), these employers are in effect subject to an additional tax referred to as the Employee Shared Responsibility Payment if they do not offer adequate and affordable coverage to their employees and at least one employee enrolls in the ACA’s Health Insurance Marketplace. Controlled entities are considered in the aggregate when determining ACA eligibility.

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Topics: Affordable Care Act, ACA, Ron Morrison, ACA Guidance

Requirements for Reporting Under the Affordable Care Act are Almost Here
Posted by Ron Morrison on Tue, Jun 23, 2015 @ 02:00 PM

A CBIZ Talks podcast about Affordable Care Act (ACA) reporting requirements

The Affordable Care Act requires all IRS reporting for 2015 to be completed by early 2016 and that’s not going to be easy.

Kathleen Hayes and Michael McKee from Bloomberg Radio’s Taking Stock program recently talked with Ron Morrison, Business Unit President of CBIZ Clearview, about what employers with 50 or more employees need to do for ACA reporting.

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Topics: Affordable Care Act, Ron Morrison, ACA Penalties, CBIZ Talks

Understanding and Preparing Affordable Care Act (ACA) Informational Returns is Challenging
Posted by Ron Morrison on Mon, Jun 22, 2015 @ 09:37 AM

Employers Must Prepare Now for New Reporting Requirements

While the Affordable Care Act (ACA) has imposed a number of changes for employers since its inception in 2010, one of the upcoming reporting requirements may be the most challenging yet. The ACA added Sections 6055 and 6056 to the Internal Revenue Code, which requires insurers and applicable large employers to file information returns with the IRS and to provide statements to their full-time employees, similar to Form W-2, about the health insurance coverage offered by the employer.

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Topics: reporting requirements, Affordable Care Act, Ron Morrison

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