ACA BN15.3 Setup ~ Employee Cost Override and Safe Harbor Question

manisht

We currently have 3 plans we offer to our employees. One of them is waive plan.

Since our minimal essential coverage only shows for one of our plans in the employee cost column when we run the BN729 (if we let the system calculate it automatically), do we need to enter in a cost override amount on the other 2 plans in order to not show the higher cost on the year end forms (1095C)?

If this is not the intention of the employees cost override field, what is your interpretation of this?

Also, has anyone received an update we can expect the ctp on leaving the safe harbor field blank in BN15.3?

sriman-shivakoti

My understanding is that the ACA override cost is there in case the cost being pulled is not as expected....For instance, some folks have plans where the contribution rates are higher due to smoking, they may want the ACA rate to display as the non smoking rate instead.

It is also my understanding that the plan you've coded as your number 1 plan will have that rate pull into the 1095 regardless of what the employee chose.