How will ACA Lowest Affordable Rate be Determined on 1095C? (Doc ID 2062163.1)

Last updated on OCTOBER 13, 2016

Applies to:

PeopleSoft Enterprise HCM Human Resources - Version 9.1 and later
Information in this document applies to any platform.

Goal

Q1: How is the lowest affordable rate is going to be determined by PeopleSoft in order to be filed in 1095C

a.  for Benefits Administration?

b.  for Base Benefits?
 
Q2:  Is there be an way to override the lowest affordable rate on the 1095-C/1094-C Reporting?
 

Q3:  If the net credit offered to the employee exceeds the net cost, meaning a credit balance could be showing, how will the net 0.00 balance be populated in Line 15?

Q4:  The lowest cost for self-only coverage in fully-insured plans is not being recorded correctly.  The 0.00 amount cannot be entered and retained as visible in the page where it is to be recorded,

Navigation
Set Up HCM, Product Related, Base Benefits, Plan Attributes, Health Plan Table

Q5:  In HCM BB and ACA, is there delivered functionality that will take the salary bands on medical plan rates into account, when the Line 15 amounts are created in the Data Extract?

Solution

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