affordable care act (aca). affordable care act requirements aca requires large employers (50 or more...
TRANSCRIPT
AFFORDABLE CARE ACT (ACA)
Affordable Care ActRequirements
• ACA requires large employers (50 or more full-time equivalent employees to offer affordable healthcare coverage to full-time employees.
• Coverage under ACA effective January 2015
Affordable Care Act What’s New
• ACA full-time definition• Average of 30 hours per week or more per month
• Standard look-back/measurement period • 12 months
• Administrative period • Maximum 90 days • Begins immediately following the end of the
look-back/measurement period• Ends immediately before the start of the stability period
• Stability Period - • Must equal look-back period – 12 months• Eligibility is locked
Affordable Care Act What’s New
• Med Only Benefits Codes (Non Zero)• NBP (HBP)
• Temporary – Seasonal, rehired retiree • 3 to 9 months – 30 hours • ACA Healthcare, GDCP, Garnishments Only
• HNF (NOF)• Perm Labor – Time limited• More than 9 months – 30 hours• ACA Healthcare, Leave, GDCP, Peach State Reserves
401(k)/457 Plans
Affordable Care ActTools
• ACA Monitoring Report• To assist with monitoring hours of contingent workforce• Aligned with SOG look-back period – 10/16 – 10/15• Contains active non-zero records• Confirms semi-monthly • Available through document direct
• ACA Queries• 0HR050_ACA_SUMMARY
• Summary of hours worked• Estimated number of weeks• Estimated threshold
• 0HR051_ACA_DETAIL • Detail for specific employee
• ACA Reports Job Aid
• ACA Bulletin • ACA Decision Tree• Rehire Decision Tree• ACA Med Only Job Aid
QUESTIONS????