Let’s separate fact from fiction:
Employer Mandate stands
• All US employers with 50 or more full-time employees must continue to offer their full-time workers ACA-compliant health coverage.
• These employers must continue to provide proof of this offer to the IRS with year-end forms 1095/4-C
o The deadline to provide Form 1095-C to employees has been extended by the IRS to March 2, 2018
o The 1094-C filing deadline for paper forms is February 28, 2018. The deadline for electronic filing, for businesses with 250 or more full-time equivalent employees, is April 2, 2018
o The IRS has also extended Good Faith reporting compliance. Employers that work in good faith to complete the forms will not be assessed penalties due to missing or inaccurate information. Penalty relief does Not apply to deadlines for providing or filing the forms!
Individual Mandate is repealed but not until 2019!
The requirement that individuals have ACA-compliant coverage or pay a penalty is repealed in the sense that the penalties are reduced to zero as of 2019. This could have consequences for employers in the future.
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