Below you will find pricing and instructions for filing Fully Funded Plans. If your plans are Level or Self Funded, please let me know and I will send you the alternative template and instructions.
ACA Reporting for 2023 Due in 2024 (Fully Funded Plans)
We have a 2 Step Process to get you past the worries of PPACA Compliance with the rules related to 1094-C and 1095-C filing for the filing year.
Step 1
Tell us that you are ready to start. Complete the Company Profile Form at this LINK and attach a completed spreadsheet template to the form. (template is attached)
Step 2
We will schedule a short conference call, if needed or requested, (15 minutes or so) to verify and collect the balance of information we need to complete the 1094-C and 1095-C forms. Additionally, we will agree to a date for processing which will be driven by our production scheduling and the availability of the spreadsheet information.
*IMPORTANT* Which companies are required to file?
All employers with more than 50 FTE (Full Time Equivalent Employees) for more than half of Calendar Year 2022, must offer affordable coverage and report for Calendar 2023 in early 2024 to satisfy the Employer Mandate of the ACA (Affordable Care Act).
Service Summary:
ACA Reporting for 2023 Due in 2024 (Fully Funded Plans)
We have a 2 Step Process to get you past the worries of PPACA Compliance with the rules related to 1094-C and 1095-C filing for the filing year.
Step 1
Tell us that you are ready to start. Complete the Company Profile Form at this LINK and attach a completed spreadsheet template to the form. (template is attached)
Step 2
We will schedule a short conference call, if needed or requested, (15 minutes or so) to verify and collect the balance of information we need to complete the 1094-C and 1095-C forms. Additionally, we will agree to a date for processing which will be driven by our production scheduling and the availability of the spreadsheet information.
*IMPORTANT* Which companies are required to file?
All employers with more than 50 FTE (Full Time Equivalent Employees) for more than half of Calendar Year 2022, must offer affordable coverage and report for Calendar 2023 in early 2024 to satisfy the Employer Mandate of the ACA (Affordable Care Act).
Service Summary:
- Timely and accurate 1094-C / 1095-C forms completed.
- 1095-C's will be mailed 1st class mail and a certificate of mailing will be generated at the time they are posted.
- PDF images of each individual form produced filed on our secure FTP cloud server with direct client access on request.
- E-mail confirmation when the forms are mailed.
- On Time Filing with the IRS.
- Retention of all the related documents and forms for 5 years on our secure file server.
- $700 Base and $10.50 per form.
- Self Funded Plans on Quoted Fee Only.
- All Clients are mandated by the IRS to Electronically File for 2023 forward if the EIN has more than 10 forms. The additional fee for this is $600.
- Fees may increase for clients that provide requests or data after December 9th.
Fully Funded Plans ONLY
Self Funded Plans ONLY
Additional Background Information
The Coding for the 1095-C's has a wide range of options and it seems the rules are truly "written in the sand". The programmers have done a fantastic job of keeping up with these changes. Here are some "fun facts" about the filings for 1095-C and 1094-C's.
If you have 50 or fewer employees, you can purchase coverage for the benefit of employees or send them to the Marketplace. Small employers are barred from pre-tax premium assistance to employees and are still required to mail Marketplace Letters to every new hire within 14 days of their start work date. To learn more about market reforms and various plan requirements, visit HealthCare.gov. Or you can rely on a trusted licensed benefit broker who can work with Moneywise Solutions, Inc. to tie up all these loose ends toward compliance.
ACA Requirement Deadlines
For additional information, visit our website page: PPACA Support
The Coding for the 1095-C's has a wide range of options and it seems the rules are truly "written in the sand". The programmers have done a fantastic job of keeping up with these changes. Here are some "fun facts" about the filings for 1095-C and 1094-C's.
- We are allowed and will omit the instruction pages from the IRS filing and from the mailing to client employees.
- For fully funded plans, Part III will be totally left blank. This information will be provided to the IRS by the benefit insurance carrier of record on the Form 1095-B.
- If you want some exciting reading click this LINK to see the latest Q&A's for this reporting.
- Moneywise will mail the 1095-C's to client employees as soon and they exit the print queue and are folded, stuffed and posted. If an error, address change, or other changes are required, we will make those updates as soon as possible. The employee mailing deadline is February 28, 2024.
- Paper Filing with the IRS deadline of March 2nd will be done in February before the deadline. Electronic Filing for clients with over 10 forms is required by the IRS and an additional fee is required. The electronic filing deadline with the IRS is March 31st.
- If clients receive copies of the Insurance Carrier generated 1095-B, it would be helpful if we were provided an electronic copy of those forms as soon as they are received.
- Please pay special attention to Columns I and J on the spreadsheet template. If Benefit Start Date is left blank, we will assume that coverage was waived.
- If your plan is "self funded", the attached spreadsheet is NOT the correct template for your plan. Please contact Moneywise immediately to receive the correct template for "self funded" plans and the related quoted fee.
- Re-mailing due to data changes after the employee mailing will be $5 per form. If the mistake is ours, these are done free of charge.
- If an edit that makes a substantive change in a filing is requested after the package to the IRS has been sent, a corrected filing is required. IF that change is due to our error, this will be done free of charge. If it was incorrect data provided by the client the fee will be $100 per filing.
If you have 50 or fewer employees, you can purchase coverage for the benefit of employees or send them to the Marketplace. Small employers are barred from pre-tax premium assistance to employees and are still required to mail Marketplace Letters to every new hire within 14 days of their start work date. To learn more about market reforms and various plan requirements, visit HealthCare.gov. Or you can rely on a trusted licensed benefit broker who can work with Moneywise Solutions, Inc. to tie up all these loose ends toward compliance.
ACA Requirement Deadlines
- Moneywise will mail the 1095-B's to client employees as soon as they exit the print queue. If an error, address change, or other changes are required, we will make those updates as soon as possible. The employee mailing deadline is March 2, 2024.
- Paper Filing with the IRS deadline of February 28th will be done in February before the deadline. Electronic Filing for clients with more than 10 forms is required by the IRS and an additional fee is required. The electronic filing deadline with the IRS is March 31.
For additional information, visit our website page: PPACA Support