IRS Updates - 4980H Penalties and Premium Tax Credit Eligibility
February 14, 2024
The IRS released 2025 4980H penalty amounts and updated FAQs regarding premium tax credit eligibility, so this ...
ACA 1094 and 1095 Submission Deadlines - Employer Reporting Tip
Question
When are the ACA employer reporting forms (Form 1094 and Form 1095s) due?
Answer
Copies of Form 1095s (1095-B or...
IRS Announces ACA Penalties for 2025 Under Code §4980H (a) and (b)
February 2024
On February 12, 2024, the IRS released Rev. Proc. 2024-14 to provide the adjusted excise tax amounts under the Af...
2024 Federal Poverty Levels (FPL) Guidelines
The Department of Health and Human Services (HHS) released the 2024 federal poverty guidelines.
For purposes of calculating affordability under §4980...
Most Common ACA 1094/1095 Errors - Employer Reporting Tip
February 1, 2024
Question
What are the most common employer reporting errors?
Answer
As experts assist with Letter 226J appeals...
Amwins Connect – February 2024 Question of the Month
Question
How does an ALE (Applicable Large Employer) pick an affordability safe harbor?
Answer
If an ALE's offer of minimum value ...
ACA Employer Mandate Reporting - Employer Reporting Tip
Q: If related entities that are applicable large employers (50 or more FTEs) share benefit plans, do they report together?
A: No. Offer of...
ACA Employer Reporting Summary
January 2024
Certain employers, plan sponsors, and insurers are required to report health plan information and participant coverage data to the IRS each year. The ...
IRS Enforcement and ACA Employer Reporting
January 24, 2024
We continue to see more and more IRS enforcement letters along with a ton of employer reporting questions via our helpline, so this we...
Employer Reporting Tip - ACA Forms 1094 and 1095 Reporting in Early 2024
Q: Which employers are required to prepare and file Forms 1094 and 1095 early in 2024?
A: All applicable large emplo...
Amwins Connect January 2024 QOTM – Providing 1095 Statements Electronically to Employees
Question: I am an ALE (applicable large employer). Am I able to distribute the 1095-C statements to my emplo...
Another Reminder - ACA Employer Reporting is Really Just Around the Corner
'Final' versions of the ACA Reporting forms were released a while back.
Since our last reminder in November, a few date...