Insights on ACA Compliance
January 5th, 2016
In early 2016, employers with 50 or more full-time equivalent employees are required to submit new tax forms to employees and the IRS for the 2015 plan year. To help employers and HR professionals, Don Garlitz, Senior Vice President, bswift, recently sat down with Employee Benefit News to provide answers and clarification to questions surrounding the Affordable Care Act. In the video, Don provides explanations to key compliance questions including: Should taxpayers receive Form 1095 if they are not covered? What effects do employer wellness programs have on reporting plan affordability to the IRS? And more.
Watch the following video for Don's insights on ACA compliance:
In December 2015, deadlines for 1095 employee distribution and 1094 filings were extended. Learn more about these changes from U.S. News and World Report.