Announcement: July 23rd 2015: ACA Important Update for US Benefits & HRMS Customers Needing to Comp
Dear Oracle US Benefits & US HRMS Customers,
The "Patient Protection and Affordable Care Act" (PPACA) (P.L. 111-148) was signed into law on March 23, 2010. The "Health Care and Education Reconciliation Act of 2010" (H.R. 4872), which made changes to PPACA, was signed into law on March 30, 2010. Also known simply as the "Affordable Care Act", this added section 6056 to the Internal Revenue Code, which requires Applicable Large Employers (ALEs) to file information returns with the IRS and provide statements to their full-time employees about the health insurance coverage the employer offered. For information on Section 6056 reporting requirements, please consult the updated Q&A on