MANAGE BENEFIT YEARS BY TAXABLE ENTITY

In this screen, you can enter and maintain plan year dates, open enrollment dates, and full-time equivalent measurement rules for each Benefit Year/Taxable Entity combination. You can use this information for Affordable Care Act analysis and processing. This screen is available only if you are licensed for Costpoint Benefits (HF).

Location

Identification

Benefit Year

Enter the 4-digit year into this data field. This value represents both the plan year and calendar year of the Affordable Care Act information.

Taxable Entity

Enter, or click to select, the taxable entity for which benefit year data will be entered. The information linked to the Taxable Entity will be used to determine plan year dates, open enrollment dates, and transition relief certification flag for the Benefit Year and Taxable Entity.

Taxable Entity Description

This unlabeled field displays the description of the selected taxable entity.

Details

Open Enrollment Start Date

Enter, or click to select, the open enrollment start date for the specified Benefit Year and Taxable Entity. This date cannot be later than the Open Enrollment End Date.

Open Enrollment End Date

Enter, or click to select, the open enrollment end date for the specified Benefit Year and Taxable Entity. This date cannot be less than the Open Enrollment Start Date.

Plan Year Start Date

Enter, or click to select, the plan year start date for the specified Benefit Year and Taxable Entity. This date cannot be later than the Plan Year End Date.

Plan Year End Date

Enter, or click to select, the plan year end date for the specified Benefit Year and Taxable Entity. This date cannot be less than the Plan Year Start Date.

Certified for Transition Relief

Select this check box if the Taxable Entity is certified for Transition Relief in the Benefit Year.

For the 2015 calendar year only, to be eligible to use the Qualifying Offer Method Transition Relief, the employer must certify that it made a Qualifying Offer for one or more months of calendar year 2015 to at least 95% of its full-time employees. This method is intended to be used by an employer that makes a Qualifying Offer for some but not all 12 months of the year.

Subtask

Subtask

Description

Full-Time Equivalent Measurement Rules

Select this link to specify rules for evaluating employees for full-time status.