This comes as a surprise to many, but YES – if you are an employer with 50+ employees (or full time equivalent employees), you must complete ACA Reporting to the IRS (forms 1094 and 1095).
But I’m Fully Insured . . . My insurance carrier will take care of this right? No!
You might have thought that your insurance carrier was going to take care of this, but they only report the portion that they are required to report as an insurance carrier. Employers still have additional responsibilities.
The easiest way to think about this is by considering what the […] Read more