Employers Must File ACA Returns Electronically by March 31, 2025 The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. Under the [...]
Biden Administration Rescinds Proposed Changes to Contraceptive Coverage Mandate On Dec. 23, 2024, the Departments of Health and Human Services, Labor and the Treasury (Departments) rescinded a proposed rule from February 2023 that would have expanded access to contraceptive coverage. As background, the Affordable Care Act (ACA) requires non-grandfathered group health plans and health [...]
Newly Passed Legislation Modifies ACA Reporting Requirements On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA) reporting requirements under Internal Revenue Code Sections 6055 or 6056. Under these reporting rules, certain employers and health coverage providers (reporting entities) must provide information to the IRS [...]
Final Forms & Instructions for 2024 ACA Reporting Now Available Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2025. For the 2024 calendar year, covered employers must: Furnish statements to individuals by March 3, 2025 (an alternative [...]
