Self-Insured Plans: Form 1095-C Preparation

Typing - Self-Insured Plans

All providers of health coverage, including employers that provide self-insured plans, must file their annual returns with the IRS to report information about the coverage and each covered individual. Self-Insured Plans: Required Information For self-insured plans, the following information must be reported to the IRS: The name, address, and employer identification number (EIN) of the … Read more

What is a Full-Time Employee?

full-time employee team

When beginning your ACA filing, it is important to know who is considered a full-time employee. Determining who is considered a full-time employee may be more difficult than it initially seems. For purposes of Employer Shared Responsibility provisions, the IRS defines a full-time employee as such: “[A]n employee is a full-time employee for a calendar … Read more

What is a Common Law Employee?

Common Law Employee - Work Meeting

One of the first steps in preparing for ACA reporting is identifying all of your common law employees. The IRS defines an employee as anyone who performs services for you if you can control what will be done and how it will be done. This includes when you have given the employee freedom of action. … Read more

Mastering Form 1095-C: The Essential Guide

Form 1095-C Featured Image

What is Form 1095-C? This form provides information regarding health coverage offered by an employer for each employee to both the IRS and the employees. For employers, this form combined with Form 1094-C is used to determine whether an Applicable Large Employer (ALE) owes an employer shared responsibility provision (ESRP) payment under IRS section 4980H. … Read more

Mastering Form 1094-C: The Essential Guide

1094-C

What is Form 1094-C? Form 1094-C is a transmittal form that must be filed to the IRS along with Forms 1095-C. It is used as a cover sheet and summary of the information being filed. For employers, this form combined with Forms 1095-C is used to determine whether an Applicable Large Employer (ALE) owes an … Read more