The States such as New Jersey, Massachusetts, California, Vermont and Washington D.C. have passed the individual health care mandates which require the individuals of the states to have minimum essential coverage.
This means employers have the additional responsibilities of reporting minimum essential coverage to the State of New Jersey. Even the out of state employers having New Jersey residents as an employee must report New Jersey about their health coverage by March 31st, 2020.
ACAwise, a cloud-based SAAS Solution that provides complete end-to-end ACA reporting solutions to various businesses from different industries, have e-filed more than 4.5+ million Forms with the IRS and is now into the state reporting as well.
The following are the steps involved in processing your Health Care reporting with ACAwise:
The state of New Jersey passed its own individual health care mandate titled New Jersey Health Insurance Market Preservation Act (“NJHIMPA”) that mandates minimum health coverage for all New Jersey residents. NJHIMPA came into effect beginning with the tax year 2019.
Employers, insurers, government agencies, multiemployer plans, and other providers of minimum essential coverage to the New Jersey residents are required to file their health-care coverage information with the state.
The employer and all other providers of Minimum Essential Coverage to New Jersey residents must electronically file the health-care coverage returns to the state by March 31, 2020.
Out-of-State employers reporting the coverage information of New Jersey residents conform to the same filing requirements. These requirements are not limited to businesses that withhold New Jersey payroll taxes.
Employers must ensure that they have sent the forms to the New Jersey state reporting the coverage of New Jersey Residents.
Since there is no paper filing option, the providers of minimum essential coverage must send the individuals’ health insurance coverage information electronically to the State of New Jersey using the Division of Revenue and Enterprise Services' (DORES)- NJ’s W-2 processing system.
Never bother, if your existing solution provider doesn’t have interface with New Jersey W-2 processing system. We have a solution covered for you and it helps meet your mandate reporting requirements under New Jersey.
ACAwise is a comprehensive ACA reporting solution that helps businesses to stay ACA compliant.
With the experience in handling filing for both the federal ACA and the state forms through NJ’s W-2 processing system, ACAwise can accurately report your health coverage information with New Jersey without any additional effort on your end.
Just send us your payroll, benefits, and employee census data through an excel template or use our own template (Download our template). We will generate the forms, e-file it with the IRS and the State. And we postal mail all your employee copies prior to the recipient copy deadline.