Three Things HR and Employers Should Ask About Form 1095-C Software
As organizations continue to adopt streamlined technology solutions, more and more are shifting their approach to ACA filing by using HR tech that automatically completes Form 1094-C and Form 1095-C. With this in mind, find out what employers and HR teams need to know about Form 1095-C software solutions and how they can help save companies money and time.
Reminder: What Are Form 1094-C and Form 1095-C?
First, what are Forms 1094-C and 1095-C? The Affordable Care Act (ACA) requires employers with 50 or more full-time, or full-time equivalent, employees to offer health benefits. These documents tell the IRS that the employer is compliant with this regulation.
Form 1095-C provides details about the coverage offered, as well as which months employees were covered. This form is distributed to employees as well as filed with the IRS, whereas the 1094-C is filed only with the IRS.
Each year, employers are required to paper file or e-file by certain deadlines. One thing to note: Employers filing more than 250 forms are required to file electronically. This requirement has led to the development of software solutions to handle the 1095-C filing process.
Three Questions to Ask When Reviewing Form 1095-C Technology
Not all Form 1095-C technology performs the same functions as effectively as others. When employers search for new solutions to ACA filing, they should consider asking these three questions:
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