ACA Information Reporting Penalties Have Been Increased
Code Sections 6055 and 6056 require large employers and all employers (even small employers) sponsoring self-funded health plans to file information returns with the IRS and furnish statements to applicable employees concerning the health coverage offered or provided to these employees and their dependents. This information reporting begins in 2016 with respect to 2015 coverage. […]
|
2 min read
|
Tagged: Affordable Care Act, heatlth care reform, large employer penalties, large employer reporting, penalty increase, Section 6055, Section 6056, self-funded health plans, TPEA
NW
Nick J. Welle
Former Associate