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Understanding your obligations: Does your business need to report employee health coverage?
October 7, 2024
Categories: ACA, Affordable Care Act, ALE, Applicable Large Employers, insurance
Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do? Here are some answers to questions you may have. What is the number of employees before compliance is required? The Affordable Care Act (ACA),