ACA Requirements

The Affordable Care Act (ACA) results in a lot of questions for employers. Are you and ALE? What are your ACA requirements? Do you need to file 109-4/95 A, B or C? Do you need to be concerned with ACA compliance at all? The purpose of this page is to help you determine your requirements and help you decide how Time & Pay can help you comply.

Of course the big question is: Are you an ALE?

If you think you may be an ALE and required to file year-end ACA reports to the IRS, below are questions you need to initially ask yourself to help you figure out if you have gathered enough information to meet your ACA filing requirements.

  1. Have you completed your ALE status determination by evaluating your full-time and full-time equivalent employees
  2. Are you an Aggregated ALE, through your common ownership of multiple companies that are treated as a single employer for determining ALE status?
  3. Have you determined whether you are Playing or Paying (offering affordable health insurance coverage to your employees, or accepting assessments for failing to provide affordable coverage)?
  4. If required to report, have you determined your Offer of Coverage code based on your health insurance plan(s) compliance with Minimum Essential Coverage (MEC) and Affordability?
  5. If required to report, have you determined your Safe Harbor Code filing method as relates to your Employer Shared Responsibility?

If you have determined that you are required to file and you were able to answer to the questions above, the next step is to determine if you want to file your own ACA reports or do you want to work with a professional like Time & Pay to help you file. Keep in mind that specific data collection requirements will be necessary for the completion of the 1094/95 ACA tax documents.

Author: Andy Scheu
Andy was just six years old when his father started Time & Pay and has watched it grow from a one-man show to an organization with more 15 employees, helping over 800 companies across the country. He was honored to become a part of Time & Pay in 2010 as an account executive and began growing their customer base in the Chattanooga, TN area. Now acting as Director of Marketing and Sales, Andy works to ensure that Time & Pay remains loyal to the mission established by its founder over 25 years ago..."to be the provider by choice of quality, cost effective Payroll, Timekeeping and HR solutions to businesses, that will maximize customer satisfaction, while maintaining our profitability.”

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