ROCK HILL, SC / ACCESSWIRE / January 23, 2024 / January is a month teeming with filing deadlines with the IRS, SSA, and states. While the most notable and memorable deadlines on January 31st are for Forms 1099 and W-2, there are some Affordable Care Act deadlines that employers and service providers in certain states must be aware of.
Why Some States Have ACA Reporting Requirements:
The Affordable Care Act previously imposed a federal mandate, necessitating taxpayers and their dependents to maintain health insurance coverage. Following its elimination, several states, including Massachusetts and California, enacted their own mandates at the state level. While some states choose to follow the federal deadlines for ACA reporting, others set separate deadlines.
State-Level ACA Reporting Deadlines on January 31, 2024
Individuals residing in the States of California and Massachusetts must acquire and retain minimum essential health coverage. Insurance providers, employers with 50 or more full-time equivalent employees, and employers offering self-insured coverage plans are obligated to file
ACA Forms with the state agencies to maintain ACA compliance.
- Massachusetts: Employers and providers must file Form 1099-HC, known as the Individual Mandate Massachusetts Health Care Coverage. This form is essential for the personal tax records of all Massachusetts residents. The deadline for electronically filing and distributing copies of Form 1099-HC is January 31, 2024.
- California: Employers and providers must file ACA Form 1095-B/C with the State of California. The deadline for distributing 1095 recipient copies to California residents is January 31, 2024.
ACAwise: An All-Inclusive Reporting Solution
Clients looking for a comprehensive ACA reporting provider can reach out to the ACAwise team. Their expert team manages every facet of ACA Form 1095 filing, ensuring accuracy by generating forms with the necessary codes and validations at each stage. They handle the entire process, from e-filing with the IRS and State to distributing copies on behalf of clients.
Services that Meet the ACA Reporting Needs of Every Business
Service options are scalable based on a business’s specific needs and comfort level with ACA reporting.
- ACA Core: Tailored for clients comfortable generating their own ACA codes on Form 1095-C, this service offers a comprehensive solution for form generation and e-filing of Forms 1095-B/C with the required agencies.
- ACA Elite: Catering to clients who prefer having a team of professionals generate their ACA Form 1095-C codes based on provided employee health coverage data, this service also provides a solution for e-filing ACA Forms 1095-B/C with the IRS and their state.
Add on Flexible Features for a Custom Solution
Businesses can add additional features to both the ACA Core and ACA Elite services for a customized reporting process.
- State-Mandated ACA Reporting: Supports e-filing for mandated states.
- Postal Mailing: Compliance with paper copy requirements, including USPS validations.
- Online Access: Secure portal for recipients to view and download forms.
- Data Validations: Ensures accuracy through IRS rules and TIN Matching. Available for Elite and Core packages.
When asked about the upcoming ACA state reporting deadlines, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of ACAwise) stated, "January brings a series of filing and distribution deadlines but employers and service providers must stay mindful of Affordable Care Act (ACA) deadlines. The team at ACAwise is here to assist businesses with upcoming deadlines. We encourage businesses to reach out to our team as soon as possible to get the process started."
To learn more about federal and state reporting solutions from ACAwise and request a quote, visit acawise.com.
About ACAwise
Created in response to the Affordable Care Act, ACAwise is a full-service reporting provider. The experienced team at ACAwise manages the ACA reporting needs for organizations of any size and scope. The ACAwise solution includes data validations, the generation and e-filing of accurate Forms 1094-B/C and 1095-B/C with the IRS and state, complete ACA code generation, recipient copy distribution, past-year filing, and more.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please contact Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
SOURCE: ACAwise
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