ACA Reporting: Milestones Overview
ACA
Reporting: Milestones Overview
Milestone Checklist Purpose:
This Milestone
Checklist will be used by clients to meet required items needed by Efficient
Hire to ensure that 2016-17 ACA IRS Reporting is completed on time. The 2016
ACA Calendar with Tasks attached to this article will give you timelines to
follow - it is a live
Document, please use the link in the button below for the most up to date
Calendar.
IRS
Deadlines:
These are the
IRS deadlines for all clients who are participating in ACA reporting:
January 31, 2018 - Distribution of 1095C to
eligible employees
March 31, 2018 - Electronic submission
of 1094C to the IRS
All deadlines
flow back from these important dates. You are responsible for getting this
information to Efficient Hire in the required data formats to ensure timely
completion of ACA Reporting.
You must provide ALL REQUIRED
INFORMATION by the milestone dates noted in the Project template or it
will jeopardize your ability to meet these deadlines.
Requirements:
Templates are attached to your ACA
Calendar for updating the information below
Required Contact Information:
Owner/President of the Company
ACA Administrator
Payroll Administrator (will send payroll
data)
Benefits/Health Insurance Broker
Employee Data:
ONE EMPLOYEE IMPORT will be processed by the Efficient
Hire Services Team for any employees that need to be added to the Client EHX
Portal.
Additional
employees can be added manually or EF will process additional imports for a fee
of $125 per electronic file after the
initial gratis import.
Employee Hours:
Hours must be
updated for each month in 2016 to ensure accurate codes are calculated on the
1095-C forms.
The final hours
import for your December 2016 payroll must be uploaded to Efficient Hire by January 10, 2018.
Coverage History:
Coverage History
for your Benefit Plan must be done for any 1095-C employee. It will include enrollments,
cancellations and declines for any eligible employees.
Self insured
plans will require spouse and dependent information, also. These are critical
for completing Line 14 and Line 16 of the 1095-C.
Benefit Plans:
- All Benefit Plans for must be in the system to accurately complete Line 15
of the 1095-C.
- This includes the Employer and/or
Employee Contribution amounts. Please refer to the Benefit Plan Setup Document for
the required information and instructions.
Please contact the Efficient Hire ACA Team
if you have questions!
Related Articles
ACA Reporting: IRS Form 1095C Codes & What They Mean
ACA Reporting: IRS Form 1095C Codes & What They Mean Purpose: The IRS has created two sets of codes in order to provide employers with a consistent way to describe their offers of health coverage. Each code indicates a different scenario regarding an ...
ACA Reporting: Generate & Review your 1094C/1095C Data and Forms
ACA Reporting: Admin Guide Generate & Review your 1094C/1095C Data and Forms Purpose: This document provides guidance to clients when reviewing IRS Form 1094C and 1095C data in EHX. It is important to ensure the Company Data for all 1094C Forms are ...
ACA Reporting: Coverage History Guide & Templates
Purpose: To fulfill the the IRC Section 6056 requirement, Forms 1094-C and 1095-C are to be used by applicable large employers (ALEs), those employers with more than 50 or more full-time employees (FTEs) in the preceding year. The Coverage History ...
ACA Reporting: Update & Finalize 1094C Company ALE Information
ACA Reporting: Update & Finalize 1094C Company ALE Information – 1094C Part III: ALE Monthly Information & ALE Member Information Purpose: The IRS deadline for receiving your Company 1094C/1095C Packet(s): March 31, 2019. In order for Efficient Hire ...
Webinar Recording - 2016 ACA Webinar: Key Milestones for IRS Reporting
Recording Date: October 19 & 20, 2016 This ACA Webinar Covers: 2016 ACA Calendar Milestones, Tasks and Due Dates Contact Form Details Overview of the 2016 ACA Project for Reporting to the IRS Next Steps Resources Contact the Efficient Hire ACA Team ...