by Sally Schultz, Customer Support Manager
Last year the Department of the Treasury and IRS issued final regulations on employer health insurance coverage information reporting. Since that time we’ve conducted several sessions and released a SunPac patch to help you prepare for these requirements.
Here’s what you need to know:
Part of the year-end reporting requirements will be to provide each employee’s FT/PT status on a month-to-month basis. SunPac Patch 6.10.03, released last month, updates any existing Earnings History by using the ACA status from each employee’s Master File Assigned ACA FT/PT Status. After that, this new field will be updated during the Payroll Closeout process. If you have not been verifying your FT/PT statuses on a monthly basis, it’s critical that you get caught up PRIOR to loading the patch.
For the K12 Enterprise system, we’re currently developing the 1095-C and 1094-C with functionality to determine when an employee reaches FT status. These enhancements will be available this summer.
If you would like individualized assistance implementing the software changes for ACA utilities, please contact me at email@example.com or 804-598-0114.