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Published on Mar 17
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The final rules for the Affordable Care Act (ACA) continue to be released. On March 3, the U.S. Treasury Department and the Internal Revenue Service (IRS) issued the finalized version of two reporting rules for businesses with 50 or more employees.
Both rules, the Information Reporting by Applicable Large Employers: Health Insurance Coverage Offered Under Employer-Sponsored Plans and Information Reporting of Minimum Essential Coverage, serve as instructions for any employers required to provide minimum essential health coverage on how to report information according to Sections 6055 and 6056 of the Internal Revenue Code.