State Mandate ACA Reporting Requirements for Employers Since the elimination of federal individual mandates under the Affordable Care Act (ACA) by Congress, some states have started to implement individual mandates at the state level. Employers who report the offered health coverage information to the IRS are now needed to report to those states about their residents’ health coverage information and furnish copies to their employees annually. Residents (individuals) must purchase and maintain qualifying health insurance coverage or pay a state tax penalty for the below-mentioned states that have passed individual mandates. California California residents are required to receive health insurance coverage from their employers. Employers who offer Minimum Essential Coverage(MEC) to the employees are responsible for submitting a return to the state, stating that their employees (California residents) had qualified health insurance coverage...
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Showing posts from December, 2020