The new reporting forms required under the Affordable Care Act’s employer mandate rules are not due until January 31, 2016, however, employers should be actively collecting the necessary data to fulfill this requirement.
Recently, the IRS issued draft forms for use in 2015, which are substantially similar to previously issued forms.
Under the Code, applicable large employers – those with 50 or more full-time employees – are required to complete Forms 1094-C and 1095-C detailing offers of health coverage to full-time employees. In addition, self-insured employers will need to report information on those covered under the self-insured health plan.
Read the entire Employee Benefit News article.