2017/2018 ACA Reporting Update!

As we prepare for the 2018 ACA reporting and filing year, below are important reminders for your groups that are using the Employee Navigator platform for reporting.

Question: When will Nelco switch to the 2018 ACA reporting year?

• Tuesday December 4, 2018
• Employee Navigator has indicated that groups should be able to generate 2018 forms in the Employee Navigator portal as of December 8, 2018; however, be aware that this date is subject to change

Question: When will access to the 2017 reporting year be terminated?

• The morning of December 4, 2018
• Nelco will remove any previously submitted forms that are sitting in the checkout “cart”

Question: What does this information mean for you and your group(s)?

• Be sure that your groups have filed all applicable forms for the 2017 filing year before December 4, 2018
• Be sure that all corrected information has been updated and processed correctly in Employee Navigator before December 4, 2018
• If you are currently working on 2017 form corrections, be sure to have these completed and filed before December 4, 2018

2018 Filing Dates

• January 31, 2018

Forms 1095-C must be provided to employees by this date

• February 28, 2019

Forms 1094-C and 1095-C if being mailed to employees, must be filed by this date per IRS requirements

• April 1, 2019

Forms 1094-C and 1095-C if filing electronically, must be filed by this date per IRS requirements

If we can be of assistance to you or your groups for 2018 ACA Support, feel free to submit a quote request via this link or email us at sales@BrokerBuilderSolutions.com .

1094/1095 ACA filing is just around the corner!

ACA Season is quickly approaching!  

Our team is here to assist your organization with staying compliant and to meet the 1094/1095 filing deadline. Get ahead of the crowd and contact BBS today for a quote.    

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ACA Helpful Hints

Important Deadlines

Forms filed in 2019 reporting coverage provided in calendar year 2018, are required to be filed by February 28, 2019, or April 1, 2019, if filing electronically.

Extension of Time To File  (1094 and 1095 B)

You can get an automatic 30-day extension of time to file by completing Form 8809 and filing it with the IRS on or before the due date for the Form 1094-B and 1095-B. Form 8809 may be submitted on paper or through the FIRE System either as a fill-in form or an electronic file. No signature or explanation is required for the extension. However, you must file Form 8809 by the due date of the returns in order to get the 30-day extension. Under certain hardship conditions, you may apply for an additional 30-day extension. See Form 8809 and the instructions for more information about extensions of time to file.

Penalties & Fines

All employers subject to the employer shared responsibility provisions, and other employers that sponsor self-insured group health plans, that fail to comply with the applicable information reporting requirements, may be subject to the general reporting penalty provisions for failure to file correct information returns and failure to furnish correct payee statements. For returns required to be made and statements required to be furnished for 2018 tax year returns, the following apply.

• The penalty for failure to file a correct information return is $270 for each return for which the failure occurs, with the total penalty for a calendar year not to exceed $3,275,500. 

• The penalty for failure to provide a correct payee statement is $270 for each statement for which the failure occurs, with the total penalty for a calendar year not to exceed $3,275,500. 

• Special rules apply that increase the per-statement and total penalties if there is intentional disregard of the requirement to file the returns and furnish the required statements.

Penalties may be waived if the failure was due to reasonable cause and not willful neglect. See section 6724 and Regulations section 301.6724-1 and Proposed Regulations section 1.6055-1(h) (which relate to Form 1095-C, Part III). For additional information, see Pub. 1586.

Ready to move forward?  Submit a quote request below, or contact BBS Sales directly!

Submit Quote Request!

sales@BrokerBuilderSolutions.com or call us at 833.281.9575, select option 2