Every employee of an ALE who is eligible for insurance coverage should receive a 1095-C. Eligible employees who decline to participate in their employer’s health plan will still receive a 1095-C.
The form identifies:
The employee and the employer
Which months during the year the employee was eligible for coverage The cost of the cheapest monthly premium the employee could have paid under the plan
If an ALE does not offer its employees insurance, the 1095-C will indicate that fact. ALEs that don't offer coverage may be subject to financial penalties.
An ALE Member must file one or more Forms 1094-C (including a Form 1094-C designated as the Authoritative Transmittal, whether or not filing multiple Forms 1094-C), and must file a Form 1095-C for each employee who was a full-time employee of the ALE Member for any month of the calendar year. Generally, the ALE Member is required to furnish a copy of the Form 1095-C (or a substitute form) to the employee.
How many FTE (full-time equivalent, defined as working 30 or more hours per week) employees do you have?
How many PT employees do you have?
Choose the timeframe to calculate FT equivalency for your PT employees?
Enter the average hours worked by part-time employee
Total Full-Time Equivalent (FTE) :
Disclaimer:This calculator is not intended as tax advice.Consult your HR Specialist to confirm the results.
With Tax1099.com, we automatically schedule your IRS e-File transmission date for the e-File deadline. That allows you to make changes to forms after creating them for your employees and before sending them to the IRS, without the need to issue corrected forms – all at no additional cost for the e-File update. You may also change the scheduled date to occur earlier than the deadline if you prefer.
|Filing Type||Due Date|
|Recipient copy||Mar 4, 2020|
|IRS eFile||March 31, 2020|
|IRS Paper Filing||Feb 28, 2020|
If you’re looking for more information about the ACA regulations, reporting requirements, or IRS information on the ACA, please check the links below: