March 2015 Health Care Reform
Posted on: March 3, 2015Categories: HR & ComplianceIRS Releases Final Forms and Instructions for ACA Reporting
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees.
On Feb. 8, 2015, the Internal Revenue Service (IRS) released final versions of forms and related instructions that employers may use to report under Sections 6055 and 6056 for 2014. These forms are not required to be filed for 2014, but reporting entities may voluntarily file them in 2015 for 2014 coverage.
Forms and instructions for 2015 reporting have not yet been released and may contain some changes from these 2014 versions.
Supporting Documents:
Understanding Employer Reporting Requirements of the Health Care Law
IRS Releases Final Forms and Instructions for ACA Reporting
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