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Application to Self Insure Pool for Workers' Compensation Arizona Form

Application to Self Insure Pool for Workers' Compensation Arizona Form

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HI I’M MICHELLE AND I WORK FOR THE INTERNAL REVENUE SERVICE. UNDER THE HEALTH CARE LAW ANYONE WHO PROVIDES HEALTH COVERAGE TO INDIVIDUALS HAS TO REPORT SOME INFORMATION TO THE IRS AND THOSE INDIVIDUALS COVERED BY THE PLANS. THIS REQUIREMENT APPLIES TO INSURANCE COMPANIES AND GOVERNMENT AGENCIES. BUT IT ALSO AFFECTS SOME EMPLOYERS. NOW SOME PROVISIONS OF THE HEALTH CARE LAW APPLY ONLY TO EMPLOYERS WITH A LARGE WORKFORCE BUT THIS IS NOT ONE OF THEM. IF YOU’RE AN EMPLOYER WHO PROVIDES SELF-INSURED EMPLOYER-SPONSORED COVERAGE YOU WILL NEED TO REPORT THAT COVERAGE REGARDLESS OF THE SIZE OF YOUR WORKFORCE. YOU NEED TO TRACK SOME INFORMATION EACH MONTH DURING THE YEAR SO YOU CAN REPORT IT AT TAX TIME THE NEXT YEAR. YOU SHOULD KEEP TRACK OF TWO THINGS FIRST INFORMATION ABOUT THE INDIVIDUALS WHO ENROLLED IN COVERAGE YOU PROVIDED AND SECOND THE MONTHS YOU PROVIDED COVERAGE FOR EACH INDIVIDUAL. AT THE BEGINNING OF EACH YEAR YOU’LL PREPARE STATEMENTS FOR THE INDIVIDUALS YOU COVERED THEN YOU

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