The Affordable Care Act (ACA) requires Applicable Large Employers (ALE’s are 50 or more full-time equivalent employees) to report health insurance information on Form 1095-C to employees.
Congress recently passed the American Health Care Act (AHCA). The bill has now moved to the Senate. It is reported that the Senate is currently drafting its own version of a bill and not using the AHCA House bill that was passed.
There certainly will be changes coming with the currently enacted ACA. In the meantime, ALE’s will need to adhere to the reporting compliance requirements in 2017. For 2017, you will need to continue to track and monitor all the compliance requirements attributable to the ACA for ALE’s. As we all know, potential changes in laws can take significant time to be finalized.
We will continue to keep you posted regarding any changes to the ACA, and how those changes apply to you. As you move into 2017, you will need to continue to follow all the compliance related to the ACA.