The IRS Revised ACA Reporting Requirements for 2025: What You Need to Know
EVENT DATE:
PRESENTER(s): Suzanne Lucas
This program has been approved SHRM & HRCI Credit 2 and IRS CPE Credit 2(Taxes)
The IRS has issued Notice 2025-15 providing guidance on the alternative manner of furnishing statements to covered individuals and full-time employees, using Forms 1095-B and 1095-C, in accordance with the Affordable Care Act’s (ACA) reporting requirements.
The Affordable Care Act (ACA) continues to develop, and ensuring compliance with employer reporting obligations remains essential for businesses. We would like to provide you with a helpful overview of the ACA requirements for applicable large employers (ALEs) and self-insured employers, who are required to report health coverage details to the IRS and employees.
Area Covered in this session:
- IRS reporting filing steps for insurers and employers
- What Is the ACA And Who Does It Impact?
- Checklist to Stay on Track for ACA Reporting in 2025
- Understanding of general pay or play provisions.
- Determination of large employer status.
- Identification of employees with federally subsidized exchange coverage.
- Confirmation of minimum essential coverage in employer plans.
- Ensuring minimum plan value.
- Verification of employee coverage affordability.
- Calculation of potential penalties.
- Review of strategic considerations with an advisor.
Required Reporting Forms:
Form 1095-C: Utilized by ALEs to report information regarding health coverage offered to employees.
Form 1095-B: Employed by self-insured employers (non-ALEs) and insurance providers to report details about individuals covered under minimum essential coverage.
Form 1094-C: The transmittal form for Form 1095-C, summarizing employer information.
Form 1094-B: The transmittal form for Form 1095-B, summarizing coverage information.
This training program discusses the basics of the ACA, the timeline for your next steps in implementing the provisions of the Act, and key things employers should already be engaged in with their brokers. It will specifically discuss the key to IRS’s penalty tax assessment and the data most important to the employer’s defense.
Who Will Benefit From Attending:
- Business Owners
- Managers
- HR Representatives
- HR Generalists
- HR Assistants
- Consultants
- Managers
- Supervisors
- Business Executives
- Human Resources Professionals
- Finance and Accounting Professionals
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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