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Updated IRS Questions and Answers on ACA Information Reporting by Employers
The IRS has added new Q&As to its existing webpages for self-insuring employers and other providers of minimum essential health coverage, as well as for applicable large employers (ALEs) to provide additional information on the Affordable Care Act's information reporting requirements. Read additional details about this, as well as extended deadlines for correction of reporting failures, penalty reductions and more.
Reminder about Forms W-2: Employers of 250+ Must Report Cost of Group Health Coverage
As a reminder, employers that provide a group health plan to employees generally must report the cost of the coverage provided to each employee annually on the Form W-2, which must be furnished to employees by February 1, 2016. Read more about reporting details, exceptions, coverage for retirees or other former employees, methods for calculating the cost of coverage and more.
