ACA Employer Reporting: What You Need to Know

The Affordable Care Act (ACA) requires employers to provide health insurance to their employees. Employers must also report their health insurance coverage to the IRS. This reporting requirement is known as the “ACA Employer Reporting Mandate.”

The ACA Employer Reporting Mandate applies to employers with 50 or more full-time employees. Employers must report the following information to the IRS:

The number of full-time employees
The number of employees offered health insurance
The number of employees who enrolled in health insurance
The amount of health insurance premiums paid by the employer

Employers must file their ACA Employer Reporting Mandate forms by March 2, 2025. Employers who fail to file their forms on time may be subject to penalties.

What is the ACA Employer Reporting Mandate?

The ACA Employer Reporting Mandate is a requirement that employers with 50 or more full-time employees report their health insurance coverage to the IRS. The purpose of the mandate is to ensure that employers are providing health insurance to their employees and that employees are receiving the coverage they are entitled to.

Who is required to file an ACA Employer Reporting Mandate form?

Employers with 50 or more full-time employees are required to file an ACA Employer Reporting Mandate form.

What information is required on an ACA Employer Reporting Mandate form?

ACA Employer Reporting Mandate forms require employers to report the following information:

The number of full-time employees
The number of employees offered health insurance
The number of employees who enrolled in health insurance
The amount of health insurance premiums paid by the employer

When are ACA Employer Reporting Mandate forms due?

ACA Employer Reporting Mandate forms are due by March 2, 2025.

What are the penalties for failing to file an ACA Employer Reporting Mandate form?

Employers who fail to file an ACA Employer Reporting Mandate form on time may be subject to penalties. The penalties for failing to file an ACA Employer Reporting Mandate form are as follows:

$250 per employee for the first 30 days after the due date
$500 per employee for each month after the first 30 days

How can I get help filing an ACA Employer Reporting Mandate form?

You can get help filing an ACA Employer Reporting Mandate form by contacting the IRS or by hiring a tax professional specializing in ACA compliance.

If you are an employer with 50 or more full-time employees, it is important to be aware of the ACA Employer Reporting Mandate. By filing your forms on time, you can avoid penalties and ensure that you are in compliance with the law.