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Video instructions and help with filling out and completing Who Form 1094 B Dependents

Instructions and Help about Who Form 1094 B Dependents

In this video I will show you how to assign Affordable Care Act attributes to the benefit plans that you offer to your employees the Affordable Care Act attributes that we assign to our benefit plans will impact the values that get put into line 14 and line 16 of the employees 1095 see in this example we will walk through the ACA attributes of our insurance healthcare benefit plan you can dictate whether the plan is a qualifying offer or not if not then you can check if the plan provides minimum essential coverage and minimum value to the employee you can also indicate who the plan covers employees spouses and or dependents those values impact line 14 of the 1095 see you can indicate the start date in the in date of the plan year in this example our planner begins on 11 2023 and ends on 1231 2023 next we can identify the safe harbor that you'd like to use for the affordability calculation the w-2 income safe harbor the rate of pay safe harbor or the federal poverty line safe harbor in this example we've chosen the federal poverty line safe harbor you can also check if this plan is a least cost plan you can indicate if the plan is a self-insured plan next insert the self only cost of the plan and in the percentage to be used for the affordability calculation in this example we use the 2023 value of 9.5 six percent of the federal poverty line once you have the information entered you can select update now as we process the year-end for Affordable Care Act compliance and generate the 1095 seas for the employees this information will be used to populate the 1095 see.