Find out if you need to and how to comply with the Affordable Care Act mandates.
The Affordable Care Act (also known as ObamaCare) was first enacted in 2010. Several mandates that affect business owners went into effect in 2015.
If you’re an Applicable Large Employer (ALE), you need to do the following:
- Offer insurance to your qualified full-time employees and their dependents
- Report the insurance coverage offered (or not offered) to the IRS on Form 1094-C and Form 1095-C
- Report employer-sponsored health insurance on your employees’ W-2s
To learn more about the Affordable Care act:
- Publication 5208 Affordable Care Act: Are you an applicable large employer?
- Q&A on Employer Shared Responsibility Mandate
- Q&A on Information Reporting Mandate
- Affordable Care Act Mandates for Employers
- Q&A on Affordable Care Act Mandates
QuickBooks Online Payroll and QuickBooks Desktop Payroll can help with some of the reporting.
Step 1: Determine your Applicable Large Employer (ALE) status
To determine your ALE status, you need to account for service-hours for your entire workforce, including full-time and part-time employees. Generally, if you have 50 full-time employees, you’re considered an ALE. You’ll do this each year and will apply to the next year.
Select your payroll product below to get a report that shows total service-hours for each employee by month.
|Note: Not sure which payroll service you have? Here's how to find your payroll service.|
Step 2: File your Forms 1094-C and 1095-C (if you’re an ALE)
Because of the HR and benefits info needed to complete these forms, we don’t file them for you. See IRS instructions for Forms 1094-C and 1095-C for info on deadlines and filing the forms.
You can use the reports from Step 1 and get employee details reports from QuickBooks to help you complete Forms 1094-C and 1095-C.