ACA Tax Reporting Data Report Available Friday
The initial data report from NRECA to help cooperatives prepare for the Affordable Care Act (ACA) tax reporting requirements for the 2015 tax year will be available this Friday, September 25, 2015. The report will be made available to all co-ops in the NRECA Medical Plan, and those that sponsor a health reimbursement arrangement (HRA) administered by CBA, through the Message Center on the Employee Benefits website. Look for your Message Center alert on Friday. Report notifications will be sent to the primary benefits administrator, as indicated in NRECA’s records, for the subgroups he or she administers.
The report includes data available through September 2015 for:
- Co-op name and subgroup number
- Demographic information for covered individuals (name, Social Security number (SSN), date of birth, address)
- The months each individual was covered by the NRECA Medical Plan and CBA-administered HRA plan, if applicable
The report shows only data NRECA has on file. Blank spaces on the report are fields where NRECA doesn’t have data. The data was originally provided to NRECA by co-ops, so co-op records may be more complete than the report. The report can be used to verify gaps in co-op data and reveal discrepancies between NRECA and co-op records. This report also can help co-ops identify what additional data they may need to collect from employees.
The final data report for 2015 will be provided to co-ops in January 2016.
Join us for the webinar
We will review the data report, as well as the tax reporting for co-ops based on their size and funding arrangement, in the webinar at 2 to 3 pm ET next Monday, September 28. If you haven’t done so already, please register to join us. The webinar also will be recorded if you’re unable to participate.
If you have questions, contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.