The Affordable Care Act law survives and employers need to operate accordingly.
The Affordable Care Act law has survived the initial repeal and replace attempts of the new administration. Health care reform is likely to continue playing a role in the administration’s agenda. However, for the time being, employers (large and small) need to comply with the reporting requirements outlined under the ACA and required by the IRS.
Small Employers that are self-insured need to report using the 1094/1095 B series forms.
Applicable Large Employers need to report using the 1094/1095C series forms (and include covered individuals on Part III, if self-insured).
Reporting in 2017, for Tax Year 2016:
- 1095s postmark to Employees 3/2/2017
- If mailing to IRS: 1094/1095s postmarked by 2/28/2017
- If filing electronically to IRS: 1094/1095s submitted by 3/31/2017 (THIS FRIDAY!)
**ACA GPS helps employers comply with the Affordable Care Act law & e-file for Tax Year 2016. Contact Us today!**
What to do for the foreseeable future?
Continue following your current ACA compliance strategy, including record keeping and documentation of your compliance efforts.
Create a plan for reporting on your compliance efforts for Tax Year 2017.
Create a plan for complying with the ACA for 2018, and for reporting.
Mark your calendar for future Affordable Care Act reporting requirement deadlines!
Reporting in 2018, for Tax Year 2017:
- 1095s due to Employees 1/31/2018
- If mailing to IRS: 1094/1095s postmarked by 2/28/2018
- If filing electronically to IRS: 1094/1095s submitted by 3/31/2018
Reporting in 2019, for Tax Year 2018
- 1095s due to Employees 1/31/2019
- If mailing to IRS: 1094/1095s postmarked by 2/28/2019
- If filing electronically to IRS: 1094/1095s submitted by 3/31/2019
ACA GPS has developed the ACA Management Tool® to assist employers (Large and Small) with achieving compliance with the ACA. We are authorized to transmit 1094/1095 B and C series forms for private businesses, government entities, and insurance companies.
The products we offer include:
Full Subscription – includes tracking, analysis, eligibility, affordability, offers, responses, and:
Initial Subscription for one year term
Single Company Set Up (single EIN) for up to 1,000 employee records. (Additional employee records are just $1.00 ea)
Price is $1,995.00 (Additional EINs reporting under common ownership are just $900 ea)
The Full Subscription solution is best for employers that need to track hours to determine eligibility, and want to keep up with their offers & responses, etc, all in one place. This subscription includes creating printable PDF versions of the 1095 C (or B) forms required under IRC §6055 and §6056. The Tool® will e-File the forms using our TCC number, on behalf of the employer after review.
We also offer Reporting Only Subscriptions which employers can use to create printable versions of the 1094/1095 (Bs or Cs) for distribution to the employees & e-filing with the IRS. This subscription is appropriate for employers that need a reporting solution, not a tracking solution. A Reporting Only Subscription is $925 per EIN, for up to 1,000 Form 1095’s for Tax Year 2016. (Additional 1095s are $.50 ea).
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