ACA deadlines approaching-Bukaty-Hubsopt-Winter-2022

    ACA deadlines approaching

    Authored by Bukaty Companies on January 31, 2022

    In response to the Supreme Court ruling they do not have the authority to enforce mandatory vaccination and testing requirements, , OHSA has withdrawn the ETS. 

    The Affordable Care Act (ACA) set a new standard for medical care and comes with a long list of deadlines and requirements employers must meet. Be sure to mark these key dates on your calendar to remain compliant in your duties and avoid penalties.

    • February 28 – 1094 / 1095 paper form filing with IRS for employers with 250 or fewer employees
    • March 2* – 1095 B & C forms distributed to employees
    • March 31, 2022 –1094 / 1095 electronic filing with IRS. Employers with 250 or more information returns are required to submit returns electronically.
    • July 31, 2022 – PCORI fee deadline

    *The Internal Revenue service (IRS) proposed a rule this past November to permanently extend the deadline for employee distribution of 1095 forms to March 2. Traditionally, this deadline has been January 31, and the IRS grants a 30-day extension each December. Employers subject to the reporting requirement must distribute individual statements to full-time employees indicating whether their employer sponsored health insurance meets requirements set by the ACA.

    Keeping up with the never-ending cycle of compliance deadlines is an overwhelming task. Download our 2022 Compliance Calendar for a printable one-stop shop for essential dates.