The continued updates and requirements implemented by the Affordable Care Act can be a lot for any employer to have to wade through. You may be asking what your responsibilities are, which forms you’re required to complete, what information is needed, and so on.
Much of that depends on the number of workers you employ, as well as the nature of your health insurance plan (i.e. whether it’s fully insured or self-funded). Unfortunately, requirements for businesses with more than 50 full-time employees, as well as those who self-insure, are considerably more onerous. The good news for many small businesses with fully insured health plans, on the other hand, is that much of that reporting burden can be transferred to the insurer.