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Tips and Resources

RiskRT® was developed to help companies produce accurate ACA reports with no surprises. On this page, we offer tips and resources to help you understand your obligations under the ACA and how to comply.

Summary: How to Comply with ACA Requirements

The IRS requires all companies with 50+ employees to file 1094-C and 1095-C forms under Sections 6055 and 6056.  Rules under Section 6055 require entities providing minimum benefits coverage to an individual to file a return and transmittal form with the IRS for every calendar year of coverage.

Section 6056 requires employers to report information on the healthcare coverage they offer to their employees to both the IRS and their respective employees. The 1095-C form is filed and furnished to any employee of an Applicable Large Employer (ALE) member who works full-time for one or more months of the calendar year. ALE members must report that information for all twelve months of the calendar year for each employee

Recordkeeping information systems are vital to keep track of the information that is required to accurately report to the IRS.

Annual Reporting Requirements

This one-page summary outlines:

  • What to report.
  • How to report.
  • When to file.

It's a great place to start if you're just getting started with understanding ACA compliance. And it's a great summary and reminder for those who know the ropes.

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