Last week (March 5, 2014), the IRS and the Department of Treasury (DOT) released FINAL rules related to some very important Affordable Care Act (ACA) requirements addressing health insurance plan reporting. These reporting requirements (originally set to take effect at the end of this year, but delayed one year along with the employer mandate) affect employers with 50 or more full-time employees (including full-time equivalents) starting in early 2016 for plans in force during the 2015 calendar year (regardless of anniversary or ERISA plan date). Reporting is voluntary for 2014/2015, although it might not be a bad idea to consider a "dry run" in preparation for the 2016 requirement. This week's post provides a very general overview of the final rules and their impact on what the rules refer to as ALE's or applicable large employers, which again, are those with 50 or more FT or FTE's.
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