The Affordable Care Act (ACA) raises compliance questions for many organizations. One common question is regarding IRS Forms 1094 and 1095.
Companies file both Form 1094 and 1095 to record the employer-provided health insurance coverage.
As a reminder, the ACA requires applicable large employers (ALEs) – companies with 50+ full-time employees or full-time equivalents – to offer employees health care coverage. Providing health care isn’t mandated if you’re a smaller company, but remember that offering it is a huge perk that helps recruit and retain employees. In fact, 64% of people say benefits is their number one priority when searching for a job.