NRECA ACA Tax Reporting Data Report Coming This Week
The initial data report from NRECA to help cooperatives prepare for the Affordable Care Act (ACA) tax reporting requirements for the 2017 tax year will be available by the end of this week. The report will be provided 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. Report notifications will be sent to the co-op’s primary benefits administrator, as indicated in NRECA’s records, for assigned subgroups.
This preliminary report includes the following data through November 2017:
- Co-op name and subgroup number
- Demographic information for covered individuals (name, Social Security number, 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. The preliminary report also can help co-ops identify additional data they may need to collect from employees.
The final data report for 2017 will be provided to co-ops in mid-January 2018.
Register for the ACA tax reporting webinar in January
Don’t forget to register now to participate in the “2017 ACA Tax Reporting” webinar from 2 to 3 pm ET on January 11, 2018.
Seth Perretta and Malcolm Slee of the Groom Law Group will review the Affordable Care Act (ACA) tax reporting requirements and forms for co-ops, including the latest guidance for the 2017 tax reporting year. You also will have an opportunity to ask your questions. If you like, you can send questions in advance to employeebenefits@nreca.coop.
For general questions on ACA tax reporting, speak with your field representative. For questions on the NRECA data report, contact Jim Antetomaso at 703.907.6474 or jim.antetomaso@nreca.coop. You also can contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.
This article is provided for informational purposes only. NRECA isn’t authorized to provide tax or legal advice to co-ops about this topic. Co-ops should seek confirmation of this information from their tax or legal advisors.