ACA Reporting Services
Ensure timely delivery of Affordable Care Act reporting statements with compliance you can count on.Book a Demo
End-to-end Affordable Care Act (ACA) reporting made simple. Complete fulfillment of 1095-B and C forms for both electronic or print and mail to file statements on time and in compliance with the IRS and state-specific formats.
We manage all the details of producing and delivering your ACA statements directly to your employees before tax season. Your 1094-B/1095-B and C forms are validated against IRS business rules to ensure compliance and employees can receive their ACA statement electronically after opt-in.
Experian Employer Services offers a Workday Badge Certified integration for ACA State Filing & Print/Mail Fulfillment making it easy to support state ACA filing and coordinate print & delivery of ACA statements from the Workday platform. This turnkey process enables your employees’ ACA data to be fed directly to us for the fulfillment, saving you valuable time preparing data files for reporting. Experian also facilitates IRS and State file generation and reporting for CA, DC, NJ and RI, including direct IRS and CA file transmission.
Our ACA reporting service assists with preparing ACA information that employers will need to submit to the IRS and state-specific formats for CA, DC, NJ and RI.
Rely on the experience of a leader in ACA reporting that managed the production of 11.2 million ACA statements for the 2022 tax season and ensure full compliance with all ACA reporting guidelines.
Managing ACA reporting used to be overwhelming, but Experian Employer Services makes delivering ACA statements through Workday much easier. The support is among the best we’ve experienced. We feel at ease because we can rely on Experian Employer Services to help us through the ACA reporting process.
Validated by Experian Data Quality
Remaining compliant with the Affordable Care Act is essential as a business owner. With that said, choosing the right ACA reporting service provider is essential. Some of the top reasons you need to enlist the help of ACA reporting services include:
These are just some of the many reasons working with the right ACA reporting service provider can help your business.
At Experian Employer Services, we can satisfy your ACA reporting needs to ensure deadlines are met and compliance is achieved. With our ACA reporting services, we can easily fulfill 1095-B and C forms either electronically or by print and mail, ensure they’re submitted on time and meet IRS and state-specific compliance guidelines.
We offer end-to-end ACA reporting services and an expansive suite of employer services products that can help your organization streamline its workforce management processes. From Employee Benefits Management to I-9 Administration, our employer services can improve your employee life cycle while increasing your bottom line and compliance.
Under the Internal Revenue Code, employers and health insurance providers are required to report information to the IRS about the health insurance coverage they offer their employees. ACA reporting is enforced to ensure employers with 50 or more full-time employees provide them with health insurance coverage.
ACA reporting is required annually and requires employers to provide information such as the number of employees enrolled in health insurance coverage, the cost of coverage and more. Form 1094-C is used to report the employer’s IRS summary information, while form 1095-C is used to report each employee’s coverage. Because ACA reporting requirements can be complex, many companies turn to ACA reporting services like Experian Employer Services, which can ensure compliance and accuracy in navigating ACA reporting requirements.
ACA compliance refers to following the regulations outlined in the Affordable Care Act, such as the employer mandate, individual mandate and reporting requirements. In order to remain in compliance, employers must offer affordable health insurance coverage to their full-time employees. This means tracking employees’ hours to ensure they’re reaching full-time status, reporting that information to the IRS and ensuring employees are getting copies of the required forms.
The ACA enforces an employer mandate and an individual mandate, which outlines who must comply with the ACA. Under the employer mandate, applicable large employers (ALEs) with 50 or more full-time employees must offer affordable health insurance coverage to all employees who reach full-time status.
The individual mandate is another guideline that requires most individuals to have health insurance. The employer and individual mandate are closely intertwined, but the intricacies of each can be complex. This is where an ACA reporting service provider like Experian Employer Services can help.
While many businesses must fulfill ACA reporting requirements, not every company does.
Under the ACA, applicable large employers with 50 or more full-time employees are required to offer affordable health care coverage. With that said, any business with fewer than 50 full-time employees is not mandated to meet the reporting requirements of the ACA. Additionally, certain groups typically do not need to fulfill ACA reporting requirements, such as most local, state and federal employers as well as certain religious organizations.
The penalty for noncompliance for ACA reporting can vary depending on the rule or regulation that was not followed. However, there are standard penalties that businesses may be subject to for not fulfilling their ACA reporting duties. For example, employers who do not offer Minimum Essential Coverage (MEC) to at least 95% of its full-time workforce and at least one full-time employee purchases health care coverage through the Marketplace and receives a Premium Tax Credit is subject to the 4980H(a) penalty, which amounts to $229.17 per month or $2,750 annually for each employee.
Other penalties for not meeting ACA reporting requirements include a Failure to File Penalty, Failure to Furnish Penalty and the 4980H(b) penalty. You can turn to a reliable ACA compliance reporting service like Experian Employer Services to avoid penalties. Contact us today to see how our ACA reporting services can ensure you meet all compliance laws to avoid penalties and fines.