Overview of the March 10, 2014 Final Rule on Information Reporting for Large Employers

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Overview-of-the-March-10-2014-Final-Rule-on-Information-Reporting-for-Large-Employers-pdf.pdf (277.17 KB)

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https://www.hilltopinstitute.org/wp-content/uploads/publications/Overview-of-the-March-10-2014-Final-Rule-on-Information-Reporting-for-Large-Employers-pdf.pdf

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http://hdl.handle.net/11603/13063

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A. All Hilltop Institute (UMBC) Works
B. Health Care Access & Affordability (The Hilltop Institute, UMBC)

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Author/Creator ORCID

Date

2014-03-10

Type of Work

reports
Text

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Program

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Subjects

Reporting Requirements for Applicable Large Employers (§6056)
health insurance
reporting requirements for employers with 50 or more full-time employees
IRC §4980H requirement to file a return with the IRS describing health care coverge the employer provides

Abstract

Since the enactment of the Affordable Care Act in 2010, there has been consistent federal guidance employing and clarifying its provisions. Hilltop develops regulation summaries to assist state and local policymakers in their implementation of health reform. On March 10, 2014, the United States Department of the Treasury, Internal Revenue Service (IRS) issued a final rule on Information Reporting by Applicable Large Employers on Health Insurance Coverage Offered under Employer-Sponsored Plans. This final rule explains the reporting requirements for large employers and provides information on various methods of reporting employee information to the IRS. This document provides a high-level summary of the rule.