- Knowledge Base Categories:
- School Accounting System
- Payroll
FAQ: Will the School Accounting System generate the 1094 and 1095 forms as required by the Affordable Care Act?
Yes, the 1094 and 1095 forms can be generated from within the School Accounting System using the Affordable Care Act (ACA) B Forms or Affordable Care Act (ACA) C Forms option, whichever is applicable to your organization. Refer to Step 5 on the Payroll End of Calendar Year Checklist for detailed instructions on generating and printing the 1095 and 1094 forms.
Keep in mind, the requirements for offering health insurance to eligible employees went into effect in 2014, and the Affordable Care Act Hours Tracking option in the Payroll module can be utilized to assist in tracking hours during your current measurement period to determine if employees are considered full time and then must be offered health insurance for coverage during your next insurance plan year (stability period). For instructions on completing the Affordable Care Act Hours Tracking option within the School Accounting System, refer to the Affordable Care Act Hours Tracking Completion Checklist topic in the Help File, or for additional information on school district obligations for offering health care coverage to eligible employees under the Affordable Care Act, click here to access the Missouri School Boards’ Association’s document, which is applicable for school districts in all states and not just those located in Missouri.