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Health Companion Policy Document 1. Preamble This is a contract of insurance between You and Us which is subject to the payment of the full premium in advance and the terms, conditions and exclusions
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How to fill out shared responsibility for employers

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How to fill out shared responsibility for employers

01
Determine if you are an applicable large employer (ALE) with 50 or more full-time equivalent employees.
02
Calculate the number of full-time employees and full-time equivalent employees.
03
Offer affordable health insurance coverage that meets minimum value to full-time employees and their dependents.
04
Complete Form 1094-C and Form 1095-C to report on the coverage offered to employees.

Who needs shared responsibility for employers?

01
Employers with 50 or more full-time equivalent employees are subject to shared responsibility provisions.
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Shared responsibility for employers refers to the requirement for certain employers to offer affordable health insurance coverage to their full-time employees or potentially face penalties.
Applicable large employers (ALEs) with 50 or more full-time employees, including full-time equivalents, are required to file shared responsibility for employers.
Employers must complete and submit IRS Form 1094-C and Form 1095-C to report information about the health insurance coverage they offered to their employees.
The purpose of shared responsibility for employers is to encourage employers to offer affordable health insurance coverage to their employees and ensure compliance with the Affordable Care Act.
Employers must report information about the health insurance coverage offered to employees, employee's hours, affordability of coverage, and other relevant details.
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