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
Question of the Week - Electronic Transmission of ACA Forms
Q.- We send about 55 Forms 1095-C to our employees. We have always mailed copies of the forms to the IRS with Form 1094-C. Someone mentioned that we might not be able to mail the
Simplify ACA Reporting with Our Affordable and Accurate Solution
Q.- We send about 55 Forms 1095-C to our employees. We have always mailed copies of the forms to the IRS with Form 1094-C. Someone mentioned that we might not be able to mail the forms anymore. Is that true?
A.- That is true. Starting with the 2023 tax year filings, employers who are required to file 10 or more of any tax form (not just Form 1095) are required to send information to the IRS electronically. Prior to the upcoming transmission cycle, employers with fewer than 250 Forms 1095-C were able to mail the forms to the IRS in a flat envelope.
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.
FSA / HRA / HSA
FSA Reimbursement for Non-Covered Spouse
Health FSA funds may generally be used to reimburse eligible medical expenses for a spouse or qualifying dependents even if they are not enrolled in the employer's health plan.
COBRA
COBRA Offering to Retirees
When a covered employee becomes entitled to Medicare before retiring, a covered spouse may receive up to 36 months of COBRA continuation from the date of Medicare entitlement.