ACA
URL:http://lgug.workoutloud.com/Group/aca

ACA

Since December, 2015

Description

The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) was signed into law on March 23, 2010. The first year of required reporting will be for the 2015 year and it will need to be completed in the first quarter of 2016.

Applicable Large Employers (A Read more...LE) that have 50 or more full-time employees will have annual reporting responsibilities concerning whether and what health insurance they offered to their full-time employees. Infor has released an HRM Affordable Care Act Solution for HRM customers that will provide the programs necessary to gather and track the additional information that is required to be reported to the IRS and employees. The intention of this group is to serve as a resource and provide a communication tool for collaboration among the Infor customers that are implementing the new solution.

More Details

Owners

Carla Henke
Loring Kaveney

Experts

Carla Henke

Followers75

ADDANKI RAMESH
Alexander Wendy
Armada Gina
Astvazaturov Anna
Barber Tameka
Bargnesi Dawn
Bledsoe Joanna
Boeye Chris
Butler, PHR Kimberly

Tagged

Human Capital Management
Financial Management
Just For Fun
Fri, June, 10th 2016

BC:
Hello Digital Concourse Community! Don't forget that @CarlaHenke is your ACA Thought Leader. This group is here for you to post questions, helpful resources, and collaborate!

#DigitalConcourse #ACA #ThoughtLeader Read more... #Collaborate Show less...
Hello Digital Concourse Community! Don't forget that @CarlaHenke is your ACA Thought Leader. This group is here for you to post questions, helpful resources, and collaborate! #DigitalConcourse #ACA #ThoughtLeader #Collaborate
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Wed, March, 2nd 2016

BC:
At our last user group meeting, we discussed the distribution of the 1095's. There were several companies that had not completed the distribution at that time.
At our last user group meeting, we discussed the distribution of the 1095's. There were several companies that had not completed the distribution at that time.
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Eric Lopez, Claire Florin like this.
Wed, December, 16th 2015

BC:
If you are looking for all the information available regarding ACA reporting, check out the KB article 1650062. It is the master article that provide you with a wealth of information on the latest and greatest for the new HRM ACA solution! Has anyone tested all the way through to the actual 1094-B, 1095-B, 1094-C, and 1095-C?
If you are looking for all the information available regarding ACA reporting, check out the KB article 1650062. It is the master article that provide you with a wealth of information on the latest and greatest for the new HRM ACA solution! Has anyone tested all the way through to the actual 1094-B, 1095-B, 1094-C, and 1095-C?
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Loring Kaveney likes this.
Tue, December, 8th 2015

BC:
Health Coverage Information Reporting Deadlines for Applicable Large Employers are Approaching
Who Must Report?
As a governmental, Tribal, tax-exempt or for-profit employer, if you are an applicable large employer you are subject to the Affordable Care Act information reporting requirements. These requirements apply to you whether or not you offered health coverage to your employees.
You are an applicable large employer for 2015 if you had 50 or more full-time employees,  Read more...including full-time equivalent employees, in 2014.
What Must You Report?
If you were an applicable large employer in 2015, you must file information returns with the IRS and provide statements to each employee who was a full-time employee for at least one month of the year about health coverage you offered or to show that you did not offer health coverage.
What Forms Must Be Used To Report?
• Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return: used to report to the IRS summary information for each employer and to transmit Forms 1095-C to the IRS.
• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage: used to report required information to your employees and to report information about each employee to the IRS.
What Are The Due Dates For Reporting?
• Forms 1095-C must be provided to your employees by February 1, 2016.
• Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically.
More Information
For more information, see our questions and answers about Reporting of Offers of Health Insurance Coverage by Employers on IRS.gov/aca.
________________________________________
This message was distributed automatically from the mailing list Tax Exempt & Government Entities Updates. Please Do Not Reply To This Message.
 Show less...
Health Coverage Information Reporting Deadlines for Applicable Large Employers are Approaching Who Must Report? As a governmental, Tribal, tax-exempt or for-profit employer, if you are an applicable large employer you are subject to the Affordable Care Act information reporting requirements. These requirements apply to you whether or not you offered health coverage to your employees. You are an applicable large employer for 2015 if you had 50 or more full-time employees, including full-time equivalent employees, in 2014. What Must You Report? If you were an applicable large employer in 2015, you must file information returns with the IRS and provide statements to each employee who was a full-time employee for at least one month of the year about health coverage you offered or to show that you did not offer health coverage. What Forms Must Be Used To Report? • Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return: used to report to the IRS summary information for each employer and to transmit Forms 1095-C to the IRS. • Form 1095-C, Employer-Provided Health Insurance Offer and Coverage: used to report required information to your employees and to report information about each employee to the IRS. What Are The Due Dates For Reporting? • Forms 1095-C must be provided to your employees by February 1, 2016. • Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically. More Information For more information, see our questions and answers about Reporting of Offers of Health Insurance Coverage by Employers on IRS.gov/aca. ________________________________________ This message was distributed automatically from the mailing list Tax Exempt & Government Entities Updates. Please Do Not Reply To This Message.
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