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
Important ACA Compliance Timeframes
If you use BAS for your ACA data collection and reporting, please pay close attention to upcoming compliance dates.
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Employers who use Benefit Allocation Systems for Affordable Care Act (ACA/Health Care Reform) data collection and reporting should pay close attention to upcoming compliance dates. As the tax year comes to a close, please remember timeframes for your 2023 form distribution and IRS reporting.
- In order for BAS to prepare and distribute the required ACA forms, it is important that employers access their MyEnroll360account and review account information as soon as possible. To do so, select Account Data Review and Approval from the Compliance menu, then click on each tab to verify that all of the information is correct. This review must be complete by December 18, 2023.
- Employers should check the potential ACA Data Issues for the organization. To do this, go to the **Compliance **menu and select ACA Central. This will produce a page highlighting some possible ACA data issues within the selected organization. All data updates for 2023 must be completed by December 18, 2023.
- All relevant employee updates for the 2023 calendar year (i.e., add new hires, terminate employee records, update coverages, enter hours) should be finalized in MyEnroll360by December 31, 2023.
2023 Form Distribution ACA Timeframes
| Employer set up, Data Issues, Employee Coverage & Hours review and approval | By December 18, 2023 |
|---|---|
| Review and Approve Forms in MyEnroll360 | By January 15, 2024 |
| Form 1095-C Distribution Begins | On or about January 16, 2024 |
| Review and Respond to Data Feedback from E-Filing | As received from IRS |
If you have questions about the timeframes or about ACA data collection & reporting, please contact the ACA team at ACA-Services@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.