IRS Publication 5187 “Affordable Care Act: What You and Your Family Need to Know,” explains the Affordable Care Act and what individuals should understand about how ACA impacts them. It is presented in a Question-and-Answer format with questions addressing the individual shared responsibility requirement, enrolling in health coverage, the premium tax credit and changes to ACA requirements for 2020. The document also explains the 1095-B and C forms that individual may receive from their employers and/or insurers.
A glossary of terms provides guidance on ACA provisions.
The Publication is helpful for explaining the ACA and may be a resource for employers to address employee questions. The Publication may be accessed by clicking here.
