Six years ago, the Affordable Care Act (ACA) transformed healthcare and became part of the business landscape for every employer. Since then, we have seen significant changes in regulations, penalties and deadlines affecting employers of all sizes. Here are some of the aspects of the ACA to keep top of mind this year.
Mark your calendar for these important ACA-related dates:
- March 31, 2016: This is the deadline for applicable large employers (ALEs) to send out IRS form 1095-C to each full-time employee, notifying them of the types of health insurance coverage they were offered. More information on determining if your company is an ALE can be found in this post on ACA for midsize employers.
- June 30, 2016: The deadline for ALEs to file each employee’s information and the IRS form 1094-C electronically with the IRS (May 31 if not filing electronically).
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