The Patient Protection and Affordable Care Act (ACA) requires employers and plan administrators to self-report a variety of failures to comply with group health plan requirements, including many related to COBRA, HIPAA, Mental Health Parity, and comparable contributions for health savings accounts (HSAs). The excise tax is $100 a day, per affected individual.
This webinar will:
Discuss the violations of federal law that would trigger the excise tax, including:
Pediatric vaccine coverage
Special enrollment requirements
Providing coverage under the Mothers and Newborns Act
Mental health parity violations
Discuss the ACA violations that would trigger the excise tax, including:Discuss the HSA comparable contribution rules, and how the tax is calculated when they are violated
Employer contributions to individual medical plans
Eligibility waiting periods in excess of 90 days
Preexisting medical condition exclusions
Failure to extend dependent eligibility coverage until age 26
Summary of benefits and coverage failures
Explain how to use IRS Form 8928, when it must be filed, and who will pay the excise tax
Describe the situations that would cause the excise tax to be paid by a third-party administrator or insurer
Provide best practices on filing Form 8928
Discuss the risks of not filing or paying the excise tax
Discuss the 30-day window for correcting failures and the "reasonable cause" exception, including the requirement to retroactively fix the failure
This 90-minute intermediate to expert level webinar will help employers understand how to avoid triggering the excise tax, and how to pay it in the event a penalty is due.
The presentation will be posted on the UBA website the day before the webinar.
PRESENTER Joseph J. Lazzarotti is a Shareholder in the Morristown, New Jersey, office of Jackson Lewis P.C. He leads the firm's Privacy, e-Communication and Data Security Practice. He also is a member of the Employee Benefits Counseling and Litigation Practice Group and is a member of the Firm's Healthcare Reform Taskforce.
Mr. Lazzarotti advises employers and plan sponsors regarding the establishment, administration and operation of fully insured and self-funded health and welfare plans, which includes counseling concerning the Affordable Care Act, as well as assisting in the set-up of administrative and other arrangements with third-party administrators, claims administrators and other vendors
You are much more than an account or a customer at Dennis Insurance Group!
You are our client and we are your partner; it is about understanding your world, your culture and your people.90% of your assets walk out of the door every night, we can help you make sure they come back. This is reflected in our responsiveness to questions from management and employees alike, in how we thoroughly explain benefits packages, helping employees thoroughly understand their benefits, filing claims appeals and ensuring they are paid when necessary.This is also seen in our expertise on employment and tax related issues and our constant pursuit of making your life easier.
These things are made possible through our investment in our business – our investment to you – as a proud owner of United Benefit Advisors (UBA).By combining diverse talents, seasoned experience, innovative technologies and strategic partnerships, UBA firms offer employers exceptional employee benefits advisory services that are unmatched in the industry.As trusted advisors, UBA firms help their clients manage over $16 billion annually in employee benefit expenditures on behalf of 10 million members.
Through UBA, we have the technology available for all clients, large and small, to be able to streamline processes and communicate effectively with our office and your employees.Through our ownership and affiliation with UBA, we remain on the cutting-edge of trends, technology and legal issues that affect our clients.
901 Battleground Avenue, Suite A ♦ Greensboro, North Carolina 27408 Phone: 866.390.1871 or 336.378.1871 ♦ Fax: 336.691.1099