ACA Reporting Program

ACA Elevate – 6055 & 6056 Reporting

The ACA remains the law of the land for 2021

MichBusiness Trailblazers receive a 5% discount on ACA Elevate from service partner BASIC.

2021 ACA Reporting and Filing

The Affordable Care Act (ACA) imposes demanding information reporting responsibilities on employers in the 2021 calendar year. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C). The filing requirements are based on an employer’s health plan and number of employees. Inability to file or report correctly will result in numerous and expensive fines for employers.

Noncompliance is Expensive…

  • IRS can assess $270 penalty per return for late, incomplete or incorrect forms. Also, if the IRS determines that the failure to file is the result of intentional disregard, the penalty is $540 per return without limitations.
  • In addition to filing reports with the IRS, the ACA requires employers to provide certain forms to employees, similar to the existing W-2 reporting requirements. It is important for employers to be aware that the penalties apply separately to both requirements. For example, a failure to file a Form 1095-C with the IRS and a failure to furnish the same Form 1095-C to the employee will result in two penalties of $260 each, or $520 per affected employee.
  • The IRS has started enforcement of the ACA employer mandate penalties. Contact BASIC for assistance with Letter 226J assessments by the IRS of Employer Shared Responsibility Payments (ESRP).
  • Resource: 2021 ACA Late Filing Penalties – BASIC Has You Covered!

BASIC’s ACA Elevate – A Simple Solution to a Complex Problem

ACA Elevate Option 2 Arrows ACA Elevate 6055 & 6056 Reporting

  • Take away the stress and complexity of ACA coding with assistance from our compliance experts
  • Works off of a simple MS Excel workbook upload with employee and coverage data at year-end. Focus on key deliverable’s for employers with simpler reporting needs. Perfect stand-alone solution for companies who don’t want to pay extra to upgrade their payroll platform
  • Real time access to training videos and Q&A guide, your ACA workbook, and the ability to view draft forms and make changes online anytime
  • Automatic access to eFiling with the IRS, plus mailing services and streamlined corrections process available
  • BASIC’s experienced compliance team will answer your questions and guide you through the whole process with minimal work involved on employer’s part

For more information or to speak with a sales consultant call 800.444.1922 x 3 or visit