Benefit Insurance Marketing is pleased to extend an invitation to attend our upcoming monthly compliance Webinar. In conjunction with our alliance with United Benefit Advisors, you have the opportunity to learn more about the latest compliance trends and regulations from one of the nations leading employment and benefit law firms, Jackson Lewis LLP. Best of all, you can take advantage of the Webinar from the convenience of your office and personal computer.
If you are a Team BIM client, you should have received an email on Wednesday, October 28, 2015 with a preferred employer discount code to view the webinar for free. If you did not receive the email or have misplaced it, please contact compliance@teambim.com with the client name in the subject line.
The $36,000 Question: An In-Depth Review of the ACA’s $100 a Day Penalty Tuesday, November 10, 2015 2:00 p.m. ET / 11:00 a.m. PT
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:
- COBRA offers
- 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:
- Employer contributions to individual medical plans
- Eligibility waiting periods in excess of 90 days
- Preexisting medical condition exclusions
- Failure to extend dependent eligiblity coverage until age 26
- Summary of benefits and coverage failures
- Discuss the HSA comparable contribution rules, and how the tax is calculated when they are violated
- 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
Register here for the webinar.
Register for this webinar today while seating is still available. Each webinar is 90 minutes and is an exceptional educational value for only $149. This webinar event has been sent for approval by the Human Resource Certification Institute to qualify for 1.5 recertification credit hours.
This series is brought to you by your Partner Firm of United Benefit Advisors — the nation’s leading independent employee benefits advisory organization with more than 200 Partner offices in the United States, Canada, and the United Kingdom.