Minimum Essential Coverage (MEC) 2020 B-Reporting Webinar
Join Towne Benefits Senior VP of Compliance, Corbin Granger, for guidance on how to complete and file your 2020 ACA B-Reporting.
An employer with a self-funded or level-funded plan is deemed to be the issuer of the employee’s health insurance policy by the IRS and required to report the Minimum Essential Coverage (MEC) they offered their employees throughout the year. Even though the Individual Mandate Penalty has been reduced to zero, the IRS still requires 1094/1095-B reporting. If an employer is not considered to be an ALE (an entity that employed on average 50 or more full-time employees or full-time employee equivalents during the year), this reporting is done using Forms 1094/1095-B.
Note: Only employers that have self-insured or level-funded plans are required to report Minimum Essential Coverage. This webinar is intended for employers that have self-insured or level-funded plans and are NOT considered Applicable Large Employers. Employers with fully insured plans do not need to attend this webinar.