Set Up Affordable Care Act Data
Before you can generate the Affordable Care Act reports, Forms 1095-C and 1094C, you must set up related settings in related Costpoint screens.
To set up Affordable Care Act data:
- Set Variable Hours Employees on the Manage Employee Salary Information screen or through the Import Employee Data screen.
- Confirm poverty and affordability threshold on the Manage Federal Taxes screen.
- Set pay type exclusions on the Manage Pay Types screen.
- Set plan and enrollment dates by taxable entity/year on the Manage Benefit Years by Taxable Entity screen.
- Set rules for determining full-time equivalent (FTE) employees on the Full-Time Equivalent Measurement Rules subtask on the Manage Benefit Years by Taxable Entity screen.
- Indicate employer self-insured benefit health plans on the Manage Benefit Plans screen.
- Specify whether a benefit plan/coverage option provides minimal essential coverage and/or minimum value on the Coverage Options subtask of the Manage Benefit Plans screen. You can also set an override employee premium amount when necessary.
- If you use Employee Self-Service (ESS), set the ESS benefit year on the Manage ESS Company Settings screen.
- Set up life events that are classified as Benefit Qualifying Events on the Manage Employee Life Events screen.
Parent Topic: Setting Up Affordable Care Act Data