BenefitWerks has multiple solutions to meet your ACA reporting and tracking needs to stay compliant. Full service clients can add these solutions and we offer our reporting solution as a stand-alone service.
The full-featured solution for our Benefits Administration clients includes
The simple solution includes
Under the Affordable Care Act, applicable large employers—those with 50 or more full-time and full-time equivalent employees—are required to file returns with the IRS. These employers are also required to provide full-time employees with statements about health coverage offered or proof that no coverage was offered.
All applicable large employers are required to report health coverage information
The size and structure of your workforce determines what applies to you. An employer’s size is determined by the number of its full-time employees, including full-time equivalents.
For help with determining the size of your workforce each year, visit the IRS employer resource page, Determining if an Employer is an Applicable Large Employer.
An applicable large employer, generally those with 50 or more full-time employees, including full-time equivalents.
Small employers, generally those with fewer than 50 full-time employees, may be eligible for credits and other benefits.
If you have no employees, the information in the section below does not apply to you. However, other provisions, such as the insurance provider fee, or the branded prescription drug fee, may affect your organization. For a list of ACA tax provisions, visit the Affordable Care Act Tax Provisions page.