PeopleSoft and the Affordable Care Act
Oracle continues to provide updates, the last one on February 10, 2015, to a white paper for Benefits, Time and Labor, and Payroll North America as it relates to the Patient Protection and Affordable Care Act (HR 3590) and the Health Care and Education Reconciliation Act of 2010 (H.R. 4872). The laws are extremely complex and ever-changing and the PeopleSoft HCM Position Statement provides brief summaries for the provisions that most directly relate to Benefits and Payroll business practices.
The white paper is a valuable read and can be accessed by clicking PeopleSoft Benefits and Payroll for North America Position Statement: Affordable Care Act. You will be prompted to enter your Oracle user name and password.
The document is organized by years and lists the regulation, followed by the requirement of that regulation and then the PeopleSoft position. The PeopleSoft position may reflect that there is no impact to Benefits or Payroll North America products, or it may indicate what product changes were made to support the revision, including any applicable Bug information: BUG ID, Update ID, and Bundle ID by version. There are a good 15 pages of detail that outline provisions that impact 2014-2015. I consider this a “must read” for anyone responsible for executing Benefits and Payroll in PeopleSoft.
As always, please be sure to contact Larry Zagata with any questions. MIPRO is your go-to contact for anything PeopleSoft.Tags: Affordable Care Act, hcm, HCM Position Statement, oracle, PeopleSoft Posted by