Over the last several months Congress has considered many changes to the current Affordable Care Act (ACA), however to date none of the changes have been passed into law. Therefore, the ACA IRS Reporting requirements remain virtually unchanged with reporting for calendar year 2017 due in early 2018.
All HealthTrust medical groups are required to report to the IRS and each employee enrolled in the employer’s group medical plan about their coverage for the 2017 calendar year.
As part of our Eye on Healthcare Reform series, HealthTrust is again offering seminars focused exclusively on IRS reporting to help Member Groups prepare for CY2017 reporting. Join David Law, HealthTrust Benefits and Coverage Counsel, and Darlene Simmons, HealthTrust Engagement Manager, as they review these IRS reporting requirements, including:
Which IRS forms should be filed and when are they due?
What is Minimum Essential Coverage (MEC) and how do I report it?
Who completes the reports? Who needs to get a report?
What data will HealthTrust provide your group?
What records should be maintained for reporting and potential audits?
Scenarios and examples of how to report information.
The team will discuss the minor changes and clarifications to the 2017 Forms and documents. For links to the 2017 forms and instructions, log in to your secure account on our Member website at www.healthtrustnh.org, and scroll to the Healthcare Reform Resources link in the purple “Learn More” box.
Member Groups with fewer than 50 full-time employees or equivalents for IRS reporting purposes will have an opportunity to attend a webinar to learn the specific requirements for Small Employers. To determine whether you are a Small or Applicable Large Employer, log in to our secure Member website at www.healthtrustnh.org and find the “Annual ALE Test and Large Employer Worksheet” on the Healthcare Reform Resources page.