Who Form 1094 B Certification 2022-2023

Well to our training on the Affordable Care Act reporting steps by March 31st 2023 all clickable large employers and anyone offering self-funded medical insurance plans are required to prforms 1095 to any employee with a full-time employee for one month or more during 2023 there then submit a copy of these documents to the IRS along with a 1094 transmittal form by May 31st done by now by May 30th done electronically during the next few minutes I'll walk you through how to complete these documents our objective is to help you get through this process in an easy step-by-step fashion hoping to meet all requirements I'm Jen Spencer president and CEO of HR service a provider of benefit compliance and HR solutions and before we begin I have a couple caveats talk to hall experts you have at your disposal it's the first year it's going to be a learning year labor attorneys benefit brokers CPAs HR software payroll providers you're all going to have with different kinds of knowledge exploited we pryou with everything needed to meet these requirements but it's a good idea to use all resources available to you it provides you with a little background we now have two new IRS sections six oh five five and six oh five six that outline requirements for applicable large employers and self-funded plans the weak employer shared responsibility provisions providing minimum essential coverage minimum value at affordable rates these provisions further outline reporting requirements which will be the focus of our discussion and that's the ACA reporting is simply providing required forms to the IRS and sending copies to full-time employees this helps them so they know who is meeting the requirements to have coverage or who they need to send fines do making sure if...