Monday, October 20, 2014

ERIC Files Comment Letter on Draft Forms and Instructions for ACA Reporting

The ERISA Industry Committee (ERIC) recently filed comments with the Treasury Department and Internal Revenue Service on the draft forms and instructions for the Affordable Care Act (ACA) reporting requirements applicable to health plan coverage offered under employer-sponsored plans.

In its letter, ERIC urges the government to provide additional time to comply with the reporting requirements, to simplify the requirements, and to provide a number of clarifications regarding the forms and instructions. Among others, ERIC asked the government to specify the circumstances under which an employer may apply some of the alternative reporting methods as well as for additional guidance on when employers may use substitute forms.

ERIC's comment letter is available here.
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