ACA Reporting Requirements 2021

 

 

 

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When the Affordable Care Act was passed, the IRS updated their Internal Revenue Code to include 

Sections 6055 and 6056. These IRC sections outline the protocol for reporting ACA compliance and 

offers of coverage to the IRS.

IRS Section 6055 states that any person who provides minimum essential coverage to individuals 

must report the offered coverage information to the IRS and furnish statements to individuals. 

Minimum essential coverage includes government-sponsored programs, eligible employer-

sponsored plans, individual market plans, and other coverage the Department of Health and 

Human Services designates as minimum essential coverage.

The IRS designed Form 1095-B for health insurance issuers or carriers, plan sponsors of self-insured 

group coverage, and executive departments/agencies of governmental units to report those they covered

 on Forms 1094-B and 1095-B. It is used to report information about the individuals 

(employee, spouse, and dependents) 

who had certain health coverage for some or all months during the year.

The IRS Section 6056 states that Applicable Large Employers must provide minimum essential coverage

 to their full-time employees and report that to the IRS and furnish statements to their employees.

ALEs must use Forms 1094-C and 1095-C to report their health coverage information offered to their 

employees under section 6056.

Employers must file Form 1095-C for each of their employees, as each provides information on 

the employee’s health insurance coverage for each month of the year.

In addition to filing Forms 1095-B/C with the IRS, employers must also furnish their employees 

with a copy of the Form 1095-C.

Send your requirements to support@acawise.com or contact us on (704)-954-8420.

You can sign up now, and add your basic business details to begin your ACA Reporting.

One of our ACA Representatives will contact you with a free consultation and quote.