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Wayne Michigan Form 1094-B: What You Should Know
So employers who did not make the reporting as of April 30, 2017, will have to file IRS Forms 1095-A and 1095-B or Forms 1095-C, 1095-A&B, or 1095-C. Those employer employers can still report individuals under the health care coverage requirements of the Affordable Care Act on the employer's tax return. Employees are not eligible for coverage under the Affordable Care Act until 2018. Employers that do not make the reporting requirement by April 30, 2017, will be subject to penalties for not filing and paying the penalties under the law. Those with 50 or more full-time employees and who do not furnish Forms 1095-C and 1095-A or 1095-B could be subject to penalties for non-filing the 2024 tax return as well as penalties for the non-payment of 2024 income taxes. If a private health insurer or health care provider is Filing Form 1095-A or 1095-B, it can be helpful to use the guidance provided in the ACA and IRS guidance on Form 1095-B. A. Affordable Care Act The Affordable Care Act requires that an employer that offer at least one health plan provide health insurance coverage for each worker (for 2018, it is 30 times the number of full-time, full-year employees). The ACA requires the employer to provide health insurance coverage. B. 2024 Health Care Marketplace Waiver The 2024 Health Insurance Marketplace Waivers for States that choose to set up their own Marketplace are based in part on the provisions of the Affordable Care Act, including the mandate that all employers offer health insurance or pay a fine, and which employers do or do not offer health insurance. In the 2024 health insurance marketplace enrollment periods, the marketplace permitted coverage for workers' spouses of an employee if the couple is treated as family under any health policy.
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