ACA Employer Reporting Guide for the 2024 Tax Year

This guide provides detailed instructions and examples for employers to comply with the Affordable Care Act (ACA) employer reporting requirements for the 2024 tax year. It is designed to assist employer plan sponsors in understanding the necessary reporting obligations, particularly regarding Forms 1094 and 1095. The guide outlines who must report, specifically focusing on Applicable Large Employers (ALEs) and small employers offering self-funded group health plans. It details the timing of reporting, indicating that employer returns must be submitted to the IRS by February 28, 2025, with an extension available for electronic filings. The document also explains the format for reporting, emphasizing that each full-time employee must receive a 1095 form, and it discusses the penalties for failure to comply with reporting requirements. Additionally, it notes state coverage reporting mandates for certain states, which require reporting of coverage information to enforce individual coverage mandates.