Affordable Care Act reporting requirements for applicable large employers begin in 2016, but many employers and their benefit advisers remain confused about requirements for certain employers with special circumstances. Prompted by industry questions and concerns, the IRS has issued updated guidance to clarify some these circumstances and the requirements employers will be expected to comply with.
Beginning next year, applicable large employers (ALEs) must report whether: an individual is covered by minimum essential coverage; and that an offer of minimum essential coverage that provides minimum value was made to each full-time employee.
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