ACA reporting

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and the individual mandate.

The Affordable Care Act (ACA) requires new employer reporting under Internal Revenue Service Sections 6055 and 6056.

Section 6055 will require employers to report information about the insurance provided and the individuals enrolled.

Section 6056 will require employers to report contact information as well as the number of full-time employees covered. Section 6056 will also require employers to report the detail pertaining to the type of coverage provided to employees.