Under the Patient Protection and Affordable Care Act (ACA), any organization with more than 50 full-time equivalent employees that provides minimum essential health care coverage to individuals must report to the Internal Revenue Service (IRS) and provide covered individuals with information specific to their coverage each year for their federal tax return filings.
With the first reporting period quickly approaching in early 2016, companies are moving quickly to ensure they are prepared to deliver the necessary health care coverage information to employees and the IRS. CIC Plus offers employers the flexibility of providing employees with electronic or printed ACA statements.
Electronic ACA statements will be delivered from CIC Plus’ online portal, which integrates W-4 and W-2 statements with the new ACA forms, giving employees one source for their tax information.
CIC Plus is an employee information management provider for HR, payroll and benefits. Employers can manage critical employee information throughout the employee lifecycle using employee tax forms (W-4s, W-2s), pay statements, ACA reporting, and custom HR forms delivered through CIC’s employee self-service portal.
For more information, visit www.cicplus.com.