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Microsoft Dynamics GP (Archived)

Health Insurance Setup - Lowest Cost Premium

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When setting up a Health Insurance Benefit in the HR module, is the Lowest Cost Premium in the Affordable Car Act the Lowest Cost Premium always monthly or is based on the frequency setup for that benefit code?

Thanks,

George

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  • Chris.Hadden Profile Picture
    726 on at

    George, this is reported on 1095-C as a monthly amount, and is not based on deduction frequencies. There is a new 'lowest cost premium' field for this in GP HR that was added in one of the YE updates for GP, specifically for storing this amount.

    These two links should help: community.dynamics.com/.../gpye2015aca  and community.dynamics.com/.../2015-u-s-year-end-update-has-released

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    Community Member Profile Picture
    on at

    Chris, thanks for the clarification. That is what I assumed, but you know how assumptions go :)

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