We are trying to understand the reporting requirements for ACA compliance. Our company offers health coverage to all employees including their dependents. The company pays half the premium for which ever coverage the employee elects, whether they elect single or family coverage.
The question that we have in the collection of information on the benefit amount, are we to report only single coverage premium they would be responsible for even if they elected family coverage? How do we report or do we have to report if they decline the coverage offered to them?
Also, another question we have is about the coverage codes, we have located information which indicates the definitions of 1a, 1b, 1c, and 1d, but our software has more categories listed up to 1l. Are there more codes?
Also, we need to know about the safe harbor. What does that mean? Do we qualify? and there are codes in our software that have no definitions, and we have been unable to locate those codes that correspond in the reporting.
We are looking forward to further clarification.