ACA COMPLIANCE

ACA Filing Errors: What To Do Next

May 13, 2024

You met the IRS reporting deadline. But now it’s time to correct any filing errors. All Applicable Large Employers [ALEs] get one of 6 IRS responses to their Form 1094-C and Form 1095-C ACA submissions. These responses, sent via the […]

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Late Filings & Other Timely ACA Tips

May 9, 2024

Now that the April IRS deadline for ACA reporting has come and gone, here three timely tips for employers. 1. NOW’S THE TIME TO SET UP FOR TY24. BENEFITSCAPE recommends all employers process their ACA compliance data month by month […]

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Regtech Revolution Transforming IRS Powers

Apr 29, 2024

Without much fanfare, a radical data science revolution is taking place inside the Internal Revenue Service [IRS]. And all corporate employers should take note — and take steps not to get caught out by it. From 2010 to 2021, the IRS […]

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ACA DEADLINES ALMOST HERE

Feb 26, 2024

The IRS ACA reporting DEADLINES for TY23 [filing in 2024] are as follows: MARCH 1, 2024: Deadline to furnish IRS FORMs 1095-C to individual eligible employees. [This date takes in account that 2024 is a leap year.] APRIL 1, 2024: […]

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ACA Reporting: IRS Codes Explained

Feb 15, 2024

There are two series of IRS CODES for ACA reporting & compliance. These codes relate to LINES 14 & 16 of IRS FORM 1095-C, the individual employee form that as health plan sponsors APPLICABLE LARGE EMPLOYERS [ALEs] must complete and distribute to […]

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ACA State Mandates: A Guide & Checklist

Feb 5, 2024

When passed, the Affordable Care Act [ACA] required individuals to purchase & maintain qualifying health insurance coverage – or face a federal penalty. By reducing these penalties to zero in 2019, the federal Tax Cuts & Jobs Act [TCJA] effectively […]

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ACA TY23: IRS Changes, Tips & Common Errors

Dec 11, 2023

If you read only one online ACA guide this year, make sure it’s this one!  There are lots of ‘essential’ ACA guides out there. Many are confusing. Some contain errors. As if ACA governance, risk management & compliance weren’t complicated enough. Getting […]

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ACA TY23: A Timely Look at ACA Deadline Penalties

Nov 30, 2023

As IRS filing deadlines approach in the New Year, BENEFITSCAPE takes a look at the hefty penalties for employers missing TY23 ACA deadlines. And we also issue three warnings about some misleading ACA information online. WARNING 1:  Some online AI-generated guides […]

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ACA in Robust Political Health Heading into 2024

Nov 24, 2023

The Patient Protection & Affordable Care Act is in robust political health in the run-up to the 2024 Presidential elections. Not one GOP candidate attacked the act during the recent TV debates [MSNBC: GOP Candidates Abandon ACA Repeal Push]; and […]

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