The IRS warned last spring that it was going to look at how many W-2 forms each employer had filed to locate employers that were probably big enough to have to send in ACA coverage reporting forms. (Credit: Thinkstock)
Arthur Tacchino has an urgent message for financial professionals who work with business owners: The Affordable Care Act employer coverage reporting rules are still out there.
Donald Trump may be the president of the United States, and the Internal Revenue Service (IRS) may have agreed to go easy on employers that have problems with filling out their ACA coverage reporting forms the way the IRS would like.
But the ACA "employer shared responsibility provisions" continue to require large employers to file notices describing the coverage they have purchased, or provided through self-insured health plans, for each employee. Those are the 1095 forms.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
