ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
ACA Reporting
1095 Forms Due Tomorrow!
Applicable Large Employers and Employers with self-funded health plans must prepare and distribute Forms 1095.
Simplify ACA Reporting with Our Affordable and Accurate Solution
Employers must make sure they meet the Affordable Care Act Form 1095-C and 1095-B reporting deadline for the 2023 tax year. The IRS extended by 30 days the January 31 deadline for distributing Forms 1095-B and 1095-C. For the 2023 tax year, this means forms must be furnished by March 1, 2024.
Insurers and small employers with self-funded health plans prepare and distribute Form 1095-B (Health Coverage) to individuals covered under their health plan. Applicable Large Employers (50 or more full-time employees in the prior plan year) prepare and distribute Form 1095-C to their full-time employees and (for employers with self-funded plans) to the individuals covered under their health plan.
All employers should review their ACA compliance requirements and make sure the required ACA reporting forms are furnished to covered individuals/full-time employees by the deadline of March 1, 2024.
For information about BAS’ ACA data collection and reporting services, contact BAS at solutions@BASusa.com.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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ACA Reporting
IRS Releases Draft 2026 Form 1095-C
The IRS has released a draft of the 2026 Form 1095-C with few substantive changes from 2025, giving employers an early look and a timely reminder to review ACA reporting processes.
ACA Reporting
IRS Announces Increased ACA Employer Shared Responsibility Penalties for 2027
The 2027 ACA employer shared responsibility amounts reflect another increase in potential penalties for ALEs that fail to comply with ACA employer mandate requirements.