BoomTax Tools
Do I need to file ACA (1095-B, 1095-C) returns?
Answer a short sequence to see whether your organization may need to file ACA Forms 1095-B or 1095-C.
ACA filing requirements questionnaire
Is the filer a health insurance provider?
ACTION REQUIRED
-
Complete Form 1094-B
Transmittal of Health Coverage Information Returns -
Complete Form(s) 1095-B
Fill out for each responsible individual -
E-File Your Forms
E-File ACA forms 1094-B & 1095-B to the IRS and state agencies -
Send Recipient Copy
Mail or e-mail form 1095-B to recipients
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Does the filer have 50 or more full-time + full-time equivalent (FTE) employees using last year's employee counts?
How do you calculate the number of full time + full time equivalent employees?
First, get a count of your full time employees by including only employees that have either 130 hours of service for a given month OR 30 hours per week on average per month.
Note: It's important to be consistent in your measurements and use either a monthly or averaged weekly count and not both.
Next, calculate your total full time equivalent employees by adding up the hours of all part time employees for the month, making sure not to include more than 120 hours of service per employee.
Then, take this sum and divide it by 120 to get your full time equivalent count.
Finally, add your full time employee count to your full time equivalent count to determine whether you may need to file ACA forms.
IMPORTANT: Make sure to add together your full time + full time equivalent employee counts for all companies that share common ownership.
Example:
Company A has 30 full time + FTE employees.
Company B has 25 full time + FTE employees.
Is the filer enrolled in a self-insured or level-funded health plan?
Typically, in a self-insured plan the employer collects premiums from employees and takes on the responsibility of paying employees’ and dependents’ medical claims.
ACA Filing may not Be Required
-
ACA Filing May Not Be Required
Based on your answers, it appears that you may not be required to file ACA forms. -
Not sure? Let's Get in Touch!
Reach out to one of our experts today
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
ACTION REQUIRED
-
Complete Form 1094-B
Transmittal of Health Coverage Information Returns -
Complete Form(s) 1095-B
Fill out for each responsible individual
Complete Parts I and II -
E-File
E-File ACA Forms 1094-B & 1095-B to the IRS and state agencies -
Send Recipient Copy
Mail or e-mail form 1095-B to recipients
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Is the employer's health plan self-insured or level-funded?
A self-insured or self-funded employer collects premiums from enrollees and takes on the responsibility of paying employees’ and dependents’ medical claims.
ACTION REQUIRED
-
Complete Form 1094-C
Fill out for each federal EIN that shares common ownership -
Complete Form(s) 1095-C
Fill out for each eligible employee
Complete Parts I, II, & III -
E-File
E-File ACA Forms 1094-C & 1095-C to the IRS and state agencies -
Send Recipient Copy
Mail or e-mail form 1095-C to recipients
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
ACTION REQUIRED
-
Complete Form 1094-C
Fill out for each federal EIN that shares common ownership -
Complete Form(s) 1095-C
Fill out for each eligible employeeComplete Parts I & II
-
E-File
E-File ACA Forms 1094-C & 1095-C to the IRS and state agencies -
Send Recipient Copy
Mail or e-mail form 1095-C to recipients
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.