FAQs on Minimum Essential Coverage Reporting Requirements Under the ACA Added
Author: Gloria Ju
The Affordable Care Act added two new annual information-reporting requirements. To help employers understand the first of the two requirements - reporting minimum essential coverage under Internal Revenue Code (IRC) Section 6055 - the following FAQs have been added to the Health Care Reform Resource Center:
- What are the two new annual information-reporting requirements under the Affordable Care Act (ACA)?
- What information is required to be included on the information return reporting minimum essential coverage (MEC) under Internal Revenue Code (IRC) Section 6055?
- Who is required to file the annual information return reporting minimum essential coverage (MEC) under Internal Revenue Code (IRC) Section 6055?
- If an employer maintains an insured health plan, who is responsible for filing the annual information return reporting minimum essential coverage (MEC)?
- What forms should be used to file the annual return reporting minimum essential coverage?
- What is the deadline for filing the annual return reporting minimum essential coverage (MEC)?
- What information does the entity filing the annual return reporting minimum essential coverage have to provide to employees?
- By when does the entity filing the annual return reporting minimum essential coverage have to provide a written statement to employees?
FAQs on the second requirement - reporting the terms and conditions of health care coverage provided to full-time employees under IRC Section 6056 - will be released shortly.