• Update On Affordable Care Act Employer Reporting Requirements
  • September 3, 2015
  • Law Firm: Lamb Barnosky LLP - Melville Office
  • As we advised you in our January 20, 2015 client memo (copy attached), the Patient Protection and Affordable Care Act ("the ACA") requires certain large employers to annually report whether and what health insurance coverage has been offered to full-time employees. This reporting requirement is set forth in Internal Revenue Code (IRC) Section 6056. The ACA also requires health care providers to report certain information about individuals who are covered by the plan. This reporting requirement is set forth in Section 6055. The IRS has issued draft updated forms that can be used to report this information.