ACA IRS Reporting

Help EMployers with Mandatory Reporting

The Affordable Care Act (ACA) added new sections to the Internal Revenue Code (IRC) specifically related to reporting to the IRS required by employers in conjunction with offering ACA-compliant coverage to employees.

SECTIONS 6056 & 6055

Section 6056 of the IRC requires annual information reporting to the IRS by Applicable Large Employers with fully insured plans. Employers must report whether they offer or do not offer Health Insurance to Full Time Employees and their dependents.

Section 6055 requires annual information reporting to the IRS by Health Insurance issuers, employers with self-insured plans, government agencies, and other providers of Health coverage. Employers are required to give employees a copy of the information reported for them on or before January 31 of the following year.

The IRS uses these annual reports to determine whether or not an ALE has to pay any penalties and whether employees are eligible for Premium Tax Credits.

Get the Data Reporting Calculator

See how our IRC Section 6056 Data Reporting Calculator can help you.


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