What You Need to Know About ACA Filing Penalties

The goal of the Affordable Care Act (ACA) is to help reduce the number of uninsured individuals in the United States and encourage employer health care benefits. But what happens if your company does not comply with ACA? Here is what you need to know about ACA filing penalties!

What You Need to Know About ACA Filing Penalties

If you are new to the Affordable Care Act, you may have a few questions about filing penalties. So who is required to file ACA Form 1095?

Employers with 50 or more full-time employees are required to provide affordable health insurance that meets a set federal minimum coverage and value.

Important 2017 ACA Deadlines


March 2nd: Provide Forms 1095-B or 1095-C to Full-Time Employees

February 28th: IRS Paper Filing Deadline for Form 1095-B or 1095-C

March 31st: IRS E-filing Deadline for Form 1095-B or 1095-C


2017 ACA Penalties

While the American Health Care Act (AHCA) is yet to pass through the legislature the Affordable Care Act (ACA) is still fully enforced. All Applicable Large Employers and Third Party Administrators are still required to file required ACA 1095 Forms by the deadline.

Failure to File/ Inaccurate Filing

Your business could potentially be penalized $260 -$520 per form if you fail to file a correct information return (1094 or 1095 Form), but this amount can not exceed $6 million in total.

Failure to E-File

If your business paper files 250 or more forms, you are required to e-file. If you fail to do so, then you will incur a $260 per form penalty.

Failure to Meet 95%

If you do not offer coverage to a minimum of 95% of full-time employees, your business will face a fine of $2,260 ($188.33 per month) per full-time employee.

Failure to Offer Coverage

If your business fails to offer affordable health coverage, you will be fined $3,390 ($282.50 per month) per full-time employee.

Warning: If you intentionally disregard to file these forms at all, the IRS can pull out the big guns and increase your pre-statement and total penalties for your missing return.

ACA Filing Problems Solved!

Exempt employees

At ACAwise we are dedicated to helping you file your ACA Forms correctly the first time to avoid any ACA filing penalties! But you are going to need to hurry up and get started today! There is only so much we can do when time keeps marching on!

If you have any questions about the ACA e-filing process, do not hesitate to give us a call at (704) 954-8420 or send us a live chat during our office hours: Monday through Friday 9:00 am to 6:00 pm EST. You can also email us at any time [email protected], and we will get back to you as soon as possible!

Add a Comment

Your email address will not be published. Required fields are marked *