Updated: January 19, 2017
Whether you’re doing it yourself or outsourcing, here’s a look at what it really takes to complete Forms 1094-C and 1095-C as an applicable large employer.
First you'll need to read thousands of pages of instructions, then you'll need to compile a lot of data on hours worked and whether or not insurance was offered, affordable, and met minimum value and coverage requirements. Then you'll need an Authoritative Transmittal and your monthly ALE member information. And you'll need to fill out a Form 1095-C for each employee who worked full-time for any month of the calendar year and any part-time employee enrolled in a self-insured plan.
For more about the costs of ACA reporting in time and money, see our infographic.