Wednesday, October 6, 2021
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Federal Compliance Update
Under the Affordable Care Act (ACA), employers that qualify as Applicable Large Employers (ALEs), generally those that averaged at least 50 full-time employees, including full-time equivalent employees, during the prior calendar year, are required to report information about the health coverage offered to their full-time employees. To meet these requirements, ALEs must file Forms 1094-C and 1095-C with the IRS and furnish Form 1095-C to eligible full-time employees each year.;