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ACA Reporting for Metro-Denver Businesses

As part of our Employee Benefits services, Mountainside Insurance Management offers businesses assistance with reporting requirements for employer-sponsored health insurance programs under the Affordable Care Act (ACA). We can help businesses minimize risks, avoid penalties, and achieve 100% compliance.

We will go over all the requirements with you. It’s important to note that significant penalties apply for incorrect or incomplete information. Also, small employers with fewer than 50 full-time employees are exempt from most ACA reporting requirements, but not all, according to the IRS. Our staff can review this with you, as well.

Ensure ACA Reporting Compliance

Employers with 50 or more employees are required to report to the IRS the cost of healthcare coverage under an employer-sponsored plan on the employees’ W2 forms. Information must include:

Employer’s name, address and identification number;
Name and phone number of the employer’s contact person (which can be a
third party);
Calendar year for which the information is reported;
Certification as to whether the employer offered its full-time employees (and their dependents) the opportunity to enroll in minimum essential coverage under an employer-sponsored plan, by calendar month;
Months in which minimum essential coverage under the plan was available;
Each full-time employee’s share of the lowest-cost monthly premium (self-only) for coverage providing minimum value by calendar month;
Number of full-time employees by calendar month;
Name, address, taxpayer identification number of each full-time employee (but not dependents or others covered through employee) and the months, if any,
during which the employee was covered under the plan; and
Any other information required by the IRS

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