State ACA Filings
One of the emerging trends we are seeing in the compliance arena is that States have begun to require their own ACA filings. States like New Jersey and California have already passed state level legislation that requires their residents to purchase healthcare coverage or pay a penalty. Along with this state level mandate comes a reporting requirement on the state level that mirrors the requirements of the Affordable Care Act. In fact, New Jersey has simply adopted the 1095-C form as the required form at the State level.
In 2020 both New Jersey and Washington D.C. are requiring employers that employ NJ and Washington D.C. residents to submit 1095-C forms to their state and district systems. New Jersey's deadline for this filing requirement is March 31st, and for D.C. the deadline is June 30th. SyncStream fully supports the electronic filing of these forms for both New Jersey and Washington D.C.. We fully intend on supporting California in 2021 and any other state that begins introducing state level filings!
New Jersey 1095 Filings
New Jersey has passed the Health Insurance Market Preservation Act, which imposes an individual mandate requiring New Jersey residents to purchase healthcare coverage and report that to the state. In addition, employers must report and verify coverage that was offered to New Jersey residents. This means that applicable large employers (ALEs), defined the same as the in the Affordable Care Act (ACA), and all other providers of Minimum Essential Coverage (MEC) to New Jersey residents must send health-care coverage returns to the State for the 2019 Tax Year. New Jersey has clarified that employers will use the federal 1094 and 1095 B and C series forms to complete this filing requirement. Filing will be done on the State level through the same filing system employers use to file W-2 forms. SyncStream Solutions has been approved as a third party vendor to complete these filings on behalf of employers.
Watch our 2 minute explainer video