Who Form 1094 B Tracker 2022-2023

Instructions and Help about Who Form 1094 B Tracker

Hello and welcome to prime phase AC a compliance navigator today we will focus on the 1094 1095 reporting tool the Affordable Care Act reporting obligations are now required for all applicable large employers these are employers generally with 50 or more full-time employees and or equivalents and it includes small employers that offer self-funded medical coverage the reporting obligations are satisfied by those eligible employers completing forms 1094 and 1095 do you know where to start are you aware of the required data needed for each form and where you can find it it might reside with you but your benefits broker and insurance carrier can assist you with much of this information introducing the ACA compliance navigator it provides a comprehensive flexible and compliant reporting tool that will prepare furnish and file the required 1094 and 1095 forms on behalf of our clients data entered by you or in conjunction with prime pays payroll integration will automatically populate forms 1094 and 1095 for you but let's take a moment and view what information is needed to create these forms if you are an eligible employer that offers fully insured medical coverage self-funded medical coverage or in the case of an applicable large employer no medical coverage at all once the required data is entered into the navigator it will create each 1095 see or 1095 be statement for each of your eligible employees which can also include your retirees or Cobra beneficiaries at the end of the calendar year you will verify and confirm that the data inputted into the Navigator is accurate once confirmed prime pay will prepare the 1095 forms on your behalf let's look at an example of a 1095 see as you can see the general information for basal surely in part one has...