Employee Benefits Question of the Week: Reporting Requirements

QUESTION: What are the reporting requirements of an applicable large employer (ALE) who chooses not to offer health insurance coverage to their employees?

ANSWER: Every applicable large employer (ALE) must report to the Internal Revenue Service (IRS) and to its full-time employees regardless of whether health coverage was offered during the previous calendar year. ALEs who do not offer health insurance to their full-time employees must report to the IRS identifying themselves as an ALE and that health coverage was not offered on Form 1094-C and Form 1095-C.

ALEs must also furnish to each full-time employee the same Form 1095-C that it provides to the IRS, including identification of the employer and that coverage was not offered to the employee.

 

Source:

Information Reporting by Applicable Large Employers, IRS Questions and Answers on Employer Shared Responsibility Provisions Under the Affordable Care Act, IRS (See Q&A’s 3and 4)

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