Under the Affordable Care Act (ACA), employers are required to submit Health Insurance Offer and Coverage Information to the IRS and certain states annually. This obligation applies to businesses categorized as Applicable Large Employers (ALE), meaning they have 50 or more full-time equivalent employees. ALEs must furnish ACA reporting to the IRS using forms 1094-C and 1095-C, detailing the benefits they provided to employees. However, entities with 49 or fewer employees are exempt from this requirement, unless they operate as self-insured. AIS offers a valuable service to clients, assisting them in completing these filings with the IRS, ensuring a hassle-free process.
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