ACA Basic Quiz

Name*

First Last

1) When is a business considered an applicable large employer or ALE?*

They employ 50 or more full-time employees, including full-time equivalent employees.
They employ 50 or more full-time employees.
They employ 100 or more full-time employees, including full-time equivalent employees.

2) What is an FTE?*

A full-time equivalent employee
An employee working 40 hours per week
An employee working 32 hours per week
An employee that an employer designates as full time

3) Minimum Essential Coverage and Minimum Value are the same thing?*

True
False

4) Do ALE reporting requirements apply to employers who own two separate businesses with different legal names and different FEINs? One business has 45 FTE and the other has 38 FTE.*

Yes, the business entity is considered a controlled group.
No, because I have less than 50 FTEs in each business.
Yes, the business entity is considered a controlled group if they are in the same state..

5) If I am not an ALE but I offer a self-funded medical plan, do I have reporting requirements?*

No, I do not have reporting requirements since I’m not an ALE.
Yes, I do have reporting requirements.

6) When an employer reaches ___ + employees, they must e-file vs paper file with the IRS?*

250
175
275
200

7) Do employers need to list and file for dependents if fully-insured?*

No
Yes

8) What forms apply to companies that offer health coverage through a self-insured employer sponsored health plan?*

1094-B & 1095-B
1095-C only
1094-C & 1095-C
1094-B & 1095-C

ACA Basic Quiz

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