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Confidential and Proprietary Information1Confidential and Proprietary Information1OVERVIEW Who We Are Affordable Care Act The Health Insurance Marketplace Our NetworksAGENDAWHAT YOU NEED TO KNOW Key
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The Affordable Care Act (ACA) form refers to tax forms that provide information about health coverage provided to individuals, such as Form 1095-A, 1095-B, and 1095-C, which document health insurance and compliance with the ACA mandates.
Employers with 50 or more full-time equivalent employees, health insurance providers, and individuals receiving health coverage through the Marketplace are required to file ACA forms.
To fill out the ACA forms, collect information about your insurance coverage for the tax year, including details on the insurance provider, coverage dates, and household members covered. Follow the instructions specific to each form to report this information accurately.
The purpose of the ACA forms is to provide the IRS and taxpayers with information about health insurance coverage to ensure compliance with the ACA's individual mandate and reporting requirements.
The ACA forms must report information such as the provider's name, address, and EIN; the insured individual's name, SSN, and address; the months of coverage for each individual; and whether the coverage met minimum essential coverage standards.
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