New Jersey State Mandate For ACA (Doc ID 2539986.1)

Last updated on FEBRUARY 28, 2023

Applies to:

Goal

 Is Oracle going to deliver at solution for the New Jersey state mandate for ACA. Vermont has also passed legislation.

New Jersey’s Individual Mandate Requires Employer Reporting Using ACA Reporting Forms
- New Jersey enacted an individual mandate penalty, effective January 1, 2019, for taxpayers that do not have health coverage
- The individual mandate penalty under the Affordable Care Act (ACA) was eliminated effective January 1, 2019
- New Jersey requires third-party reporting to ensure verification of the information provided by individual taxpayers, and has announced that employers must provide the same information (Form 1094-C and Form 1095-C) to New Jersey that they currently provide to taxpayers and the IRS
- Employers will be required to remit copies of these documents to the New Jersey Division of Taxation on or before February 15 following the close of each calendar year, beginning in 2020
- Employees may be exempt from the mandate if the fit one of the following criteria outlined on the following site: https://nj.gov/treasury/njhealthinsurancemandate/exemptions.shtml
 

Solution

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