*only for employees that are NOT enrolled in an ICHRA plan.
Did a full time employee have 130+ hours of service for the entire month?
Hours of Service
This includes:
- Vacation
- Holiday
- Sick time
- Incapacity (including disability)
- Layoff
- Military duty
- Paid leave
Exceptions to the rule exist for:
-
Hours worked by a student as part of the Federal Work-Study Program (or a similar state or local program)
- Hours which are considered income from sources outside the United States
- Hours performed as a "bona fide volunteer"
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee in a stability period that classified them as full time?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee employed for the entire month?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee in a multi-employer group and eligible for multi-employer plan (including union plans)?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2E
Applicable when
- Portion of the workplace was eligible for a multi-employer plan (union)
- Employer makes an ongoing contribution to the plan on behalf of union
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee in a limited non-assessment period for any day of the month (also known as a waiting period)?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee in a limited non-assessment period for the full month (also known as a waiting period)?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2D
Applicable when
- Employee was in a waiting period under the look-back measurement period
- Employee was in the first calendar month of their employment and did not start on the 1st of the month
- Employer was in their first year as an applicable large employer (ALE)
- Employee has a status change during their inital look-back measurement period
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee offered minimum essential coverage for the full month?
Minimum Essential Coverage
Coverage that provides essential health benefits, follows established limits on cost-sharing (like deductibles, copayments, and out-of-pocket maximum amounts), and meets other requirements under the Affordable Care Act.
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee enrolled in minimum essential coverage for the full month?
Minimum Essential Coverage
Coverage that provides essential health benefits, follows established limits on cost-sharing (like deductibles, copayments, and out-of-pocket maximum amounts), and meets other requirements under the Affordable Care Act.
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee offered a minimum value plan for the full month?
Minimum Value Plan
A health plan meets the minimum value standard if both of these apply:
- It’s designed to pay at least 60% (bronze level or higher) of the total cost of medical services for a standard population
- Its benefits include substantial coverage of physician and inpatient hospital services
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee terminated mid-month and coverage terminated the same day?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee terminated mid-month and coverage terminated at the end of the month?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee offered minimum essential coverage?
Minimum Essential Coverage
Coverage that provides essential health benefits, follows established limits on cost-sharing (like deductibles, copayments, and out-of-pocket maximum amounts), and meets other requirements under the Affordable Care Act.
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee employed on any day of the month?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2B
Applicable when
- Employee was part time
- Employee was seasonal or variable hour worker
- Employee was in a measurement period and full time status had not yet been acquired
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee enrolled in minimum essential coverage?
Minimum Essential Coverage
Coverage that provides essential health benefits, follows established limits on cost-sharing (like deductibles, copayments, and out-of-pocket maximum amounts), and meets other requirements under the Affordable Care Act.
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the minimum essential coverage plan affordable?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was Federal Poverty Level (FPL) used and 9.69% condition was met?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was code 1A used on line 14?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the W-2 safe harbor used to determine affordability for the employee?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the rate of pay used to determine affordability for the employee?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2G
Applicable when
- Coverage was considered affordable based on FPL safe harbor method
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the W-2 safe harbor used to determine affordability for the employee?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2F
Applicable when
- Coverage was considered affordable using the W-2 safe harbor method
- W-2 safe harbor was used every month the employee was offered coverage
If 2F is used, this safe harbor code should be the only one used for an employee.
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the rate of pay used to determine affordability for the employee?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2H
Applicable when
- Coverage was considered affordable using the rate of pay safe harbor method
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Was the employee full time any period the year?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
Based on these conditions, no code is required.
Was the employee enrolled in (COBRA) or a retiree?
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2C
Applicable when
- Employee was enrolled in coverage offered by the employer
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.
From your answers, it sounds like this code may be a good fit:
2A
Applicable when
- Employee had not yet been hired
- Employee was no longer employed
The information provided by this wizard is for educational purposes only. Always consult with a tax or legal professional to determine the correct information for your filing situation. BoomTax does not provide tax or legal advice.