Form 1094 Archives - Word on Benefits

Yes, Employers Still Need to File Forms 1094 and 1095

Jenny Gartman, CEBS

16 Dec 201907 Jan 2020

We’ve heard some employers are confused about whether ACA reporting is required in 2020 for health coverage in the 2019 calendar year. Here’s a reminder that the Affordable Care Act (ACA) is still law and employers must comply with its provisions, including […]

Affordable Care Act (ACA) Employee Benefits Regulatory

ACA Reporting—Who’s Filing What Forms and How?

Julie Stich, CEBS

06 Oct 2015

As we’ve pointed out in blog posts over the past few months, ACA reporting is (1) challenging and (2) approaching. We recently asked our members to tell us how well they understand the requirements and how they plan to move forward. What […]

Affordable Care Act (ACA) Employee Benefits Health Care Regulatory

The Forms are Here! 5 Ways to Cope with 1094 and 1095

Staff

21 Sep 201507 Jan 2016

After months of working on Affordable Care Act (ACA) reporting, using draft forms and instructions, benefit practitioners now have the real deal. The Internal Revenue Service (IRS) issued final 1094-B, 1095-B, 1094-C, 1095-C forms and instructions that employers, plan sponsors and group […]

Affordable Care Act (ACA) Employee Benefits Health Care Regulatory

Penalties Doubled for Faulty ACA Reporting

Jenny Gartman, CEBS

13 Aug 201506 Jan 2016

The penalties for noncompliant ACA information reporting sharply increased due to the Trade Preferences Extension Act of 2015. The Act increased the IRS general information reporting penalty provisions under Internal Revenue Code Section 6721 (failure to file correct information returns) and Section […]

Affordable Care Act (ACA) Employee Benefits Regulatory

Time’s A-Wastin’, Prepare for ACA Reporting Now!

Kelli Kolsrud, CEBS

05 Aug 201518 Sep 2015

On a beautiful summer day, January seems like a long way off. When you’re talking about an employer’s duty to report health care coverage information using Forms 1094 and 1095 under the Affordable Care Act (ACA), nothing could be further from the truth. The […]

Affordable Care Act (ACA) Employee Benefits Health Care Multiemployer Regulatory

ACA Employer Reporting: Who, What, When, Why and How

Kelli Kolsrud, CEBS

26 Mar 201518 Sep 2015

The latest reporting requirements related to the Affordable Care Act (ACA) seem to be a dizzying jumble of numbers and letters. Here’s the who, what, when, why and how of it: Why? Two new ACA reporting requirements are in effect for plan […]