Quantcast
Viewing all articles
Browse latest Browse all 38722

Forum Post: RE: ACA Special Reporting

Tom - Thanks for your response. We have a few follow questions. We're not sure if the "Not Covered" will work as described. It appears that in order to save the employee screen it requires a dependent, although the individual may not have a dependent. Also, if it is an employer sponsored plan, not “self-insured” dependents do not get reported. Is this the only way to save it? How do we record that the employee was offered the coverage (“1A” I.R.S. code) without adding the particular benefit/deduction to their file? Do we have to add it then override the costs to 0.00 or do we need to create a new code with 0 cost? In 2015, the I.R.S. wanted only full months of offered coverage only. By the IRS statement below it seems that "1A" should not be entered. Did wording change for 2016? If it's not "1A" what should be entered? “An employer offers health coverage for a month only if it offers health coverage that would provide coverage for every day of that calendar month. Thus, if an employee terminates coverage before the last day of the month, the employee does not actually have an offer of coverage for that month.

Viewing all articles
Browse latest Browse all 38722

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>