News & Updates
The Affordable Care Act (ACA or health care reform law) requires every person to have basic health insurance or face a penalty. For most people, this basic insurance is called minimum essential coverage (MEC) and is purchased through a group or individual health plan. Health insurers and others who provide MEC are required to send reports to the Internal Revenue Service (IRS) as proof, starting in 2016. This is called Minimum Essential Coverage Reporting, or IRS Code Section 6055 Reporting. When Anthem begins reporting this information to the IRS in 2016, they must use member and dependent Social Security Numbers (SSNs), if they’re available.
Although reporting requirements don't begin for a while, they can start getting ready now. Here's information to help you understand more about how Anthem will handle reporting.
Start now — there's no need to wait
Now is the time to start including dependents' Social Security Numbers (SSNs) on applications and change forms for all fully insured business, both new and renewing.
Make it a habit to ask your fully insured group clients to give you SSNs for their workers and their covered dependents. All covered family members, not just the policyholder, need to show proof of insurance for IRS reporting purposes, so they should be willing to provide this information, or face penalties.
Anthem also needs to get the same information from people with their individual coverage purchased off the exchange. Their enrollment forms let you provide this information, so be sure to include it when you submit forms.
More details to come
Take a moment to review this MEC Reporting fact sheet and FAQ, which Anthem communicated in June. They will share more details about forms, applications, and MEC reporting requirements as soon as it becomes available. So stay tuned to your inbox.
For questions, please contact a member of your b&p Sales Team - 888.722.3373.