The Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health plans. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and the individual mandate.
This Health Care Reform Legislative Brief brought to you by Clark and Associates of Nevada provides a summary of the following reporting provisions:
- Form W-2 reporting
- Applicable large employer health coverage reporting (Code 6056)
- Reporting of healthy coverage by health insurance issuers and sponsors of self-insured plans (Code 6055)
- Transparency in coverage reporting and cost-sharing disclosures
- Quality of care reporting
Read the full Legislative Brief for more information.