Not every employer has the same Affordable Care Act reporting responsibilities.
For employers that qualify as an Applicable Large Employer (ALE), understanding reporting requirements is an important part of maintaining compliance.
What Is an Applicable Large Employer?
Generally, an Applicable Large Employer is an organization that averaged 50 or more full-time employees, including full-time equivalents, during the previous calendar year.
ALE status can create additional responsibilities related to employer-sponsored health coverage and ACA reporting.
What Forms Do ALEs File?
According to the information provided by Seabridge Benefit Group, ALEs have reporting responsibilities that include:
- Form 1094-C
- Form 1095-C
Form 1095-C provides applicable employees with information about the health coverage offered by the employer, while Form 1094-C is used for reporting to the IRS.
Why Accurate Employee Data Matters
ACA reporting depends on accurate workforce and benefits information.
Employers may need to carefully track information related to employee status, hours, offers of coverage, and coverage periods.
For organizations with complex workforces, gathering and validating this information can become a significant administrative task.
Don’t Wait Until the Deadline
The email communication provided by Seabridge Benefit Group lists the following deadlines:
- March 2: Deliver Form 1095-C to employees
- March 31: File Forms 1094-C and 1095-C with the IRS
Deadlines and filing requirements can change, so employers should verify current IRS requirements for the applicable reporting year.
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