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ACA Employer Reporting: Why 2020 May Be Complicated
MZQ Consulting, LLC Link to more items from this source
July 23, 2020

"Beyond the multitude of coding questions ... companies have downsized. The individual who handled ACA reporting last year may no longer be around this year.... [T]he chaos of 2020 will translate into the assessment of more employer shared responsibility penalties than ever before.... Form 1095-C changed significantly. The IRS added eight new codes (1L-1S), and a line 17 (zip code) to account for the information needed to assess coverage offers related to individual coverage health reimbursement arrangements (ICHRAs). These changes will require alterations to existing employer reporting systems."

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