This affects businesses who are required to report on these forms and distribute them to employees. Businesses with 50 or more full-time employees are required within the previous year and self-insured employers are required to report healthcare coverage information. All other businesses with less than 50 employees do not have to report on ACA.
By filing forms 1095-C with the IRS and providing employees with copies, employers with 50 or more full-time employees are in compliance with the Affordable Care Act (ACA), as they have reported offering health coverage to qualified employees. Smaller organizations who are self-insured companies or insurance companies must file and distribute Forms 1095-B.
If you have any questions or concerns about how this affects your business reach out to your payroll and benefits administrators.