ACA Reporting & Compliance

Our ACA Reporting assists with requirements under the Affordable Care Act (ACA) for employers to report information about the health coverage they offer to their employees. There are two main types of ACA reporting:

Forms 1094-B and 1095-B:

These forms are used by insurance providers, self-insured employers, and other entities that provide minimum essential coverage to report information about the coverage provided.

1. Form 1094-B is the transmittal form used to summarize the information reported on Form 1095-B.

2. Form 1095-B is provided to individuals covered by the health plan and includes details about the coverage, such as the months of coverage and theindividuals covered.

Forms 1094-C and 1095-C:

These forms are used by applicable large employers (ALEs) to report information to the IRS and provide statements to employees about the health coverage offered.

1. Form 1094-C is the transmittal form that summarizes information about the employer, including the number of full-time employees and other information relevant to ACA compliance.

2. Form 1095-C is provided to each full-time employee and includes details about the health coverage offered, such as the months of coverage and the employee's share of the premium cost.

Employers subject to ACA reporting requirements must provide these forms to the IRS annually, typically by February 28 (or March 31 if filing electronically) of the year following the calendar year to which the reporting relates. They must also provide copies of the forms to employees.

The purpose of CBG’s ACA reporting is to facilitate compliance with the ACA's employer mandate and individual mandate provisions, as well as to provide individuals with information about their health coverage for tax purposes.