Webinar: What Employers Need to Know About IRS Reporting in 2020 - Bim Group

Webinar: What Employers Need to Know About IRS Reporting in 2020

Tuesday, December 10, 2019
2:00 p.m. ET / 11:00 a.m. PT

Register Now

The Patient Protection and Affordable Care Act’s reporting requirements are rapidly approaching for employers with group health plans or with 50 or more full-time or full-time equivalent employees. This webinar will provide an overview of the reporting process, what we learned from earlier rounds of reporting, and how employers should be tracking employees.

This webinar will:

  • Review the 2019 final reporting forms and instructions (provided the final forms are released before December 10)
  • Review the deadlines for employers to submit forms to the IRS and to employees
  • Discuss reporting offers of COBRA coverage.
  • Explain the difference in reporting requirements for small (less than 50 employees) and large (50 or more employees) employers, and self-funded versus fully insured plans
  • Discuss the two measurement methods to determine which employees receive a Form 1095-C.
  • Provide best practices on the monthly measurement method and the look back measurement method.
  • Discuss the importance of accurate reporting in light of the IRS’ proposed penalty assessment letters
  • Specify the plan years for which the IRS is currently sending proposed penalty letter.
  • Describe what we learned about reporting based on errors that led to IRS proposed penalty assessment letters

Register Now

This intermediate level webinar will help employers determine the best practices for reporting in 2020.

Register today while seating is still available.

NOTE: If you would like to view the webinar but are not able to attend, we encourage you to still register as you normally would. All registrants will receive a replay and copy of the presentation afterwards. 

If you are a Bim Group client and missed the client specific invitation, please email info@bimgroup.us with the CLIENT NAME in the subject line to have the preferred employer code emailed to you.

 


PRESENTER

Tiffani Greene is a member of the Employee Benefits Practice Group and the Prevention and Compliance Team at Fisher Phillips. She brings a unique mix of experience in the complex areas of employee benefits law and corporate compliance. From counseling on the day-to-day operations of employee benefits plans to assisting with regulatory risk mitigation, she has a deep understanding of her clients’ needs and how to create effective solutions.

Tiffani partners with in-house counsel and HR professionals to ensure employee benefit programs are designed and administered to maximize tax benefits and provide exceptional value to participants. She advises on retirement, health, and welfare plan compliance pursuant to the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), the Health Insurance Portability and Accountability Act (HIPAA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), and the Affordable Care Act (ACA). In addition to resolving complex challenges, she assists clients with plan documentation, participant claims, employee leaves, fiduciary inquiries, and annual reporting obligations.

 

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.

 

Recent Insights

December 9, 2019
Compliance Alert

Compliance Recap – November 2019

November was a busy month in the employee benefits world. The Internal Revenue Service (IRS) released draft 2019 instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C. The IRS also released health plan limits and various compensation, benefit, and contribution levels under qualified retirement plans for 2020. The Department of Health and Human Services (HHS) released […]
Read more
December 4, 2019
Affordable Care Act (PPACA), IRS, News

IRS Releases Draft Forms and Instructions for 2019 ACA Reporting

Background Under the Patient Protection and Affordable Care Act (ACA), applicable large employers (ALEs) are required to offer health benefits to their full time employees and individuals are required to have health insurance, although the penalty is $0 for failing to have minimum essential coverage starting in 2019. Reporting is required by employers with 50 […]
Read more
November 22, 2019
Affordable Care Act (PPACA), Compliance Alert, DOL, HHS, IRS

Proposed Rules on Coverage and Transparency and Final Rules on Hospital Price Transparency

On November 15, 2019, the Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) (collectively, Departments) released proposed rules on coverage transparency. The proposed rules seek to give an estimate of plan participants’ potential cost-sharing liability for covered items and services they might receive from a particular […]
Read more
November 20, 2019
Affordable Care Act (PPACA), SBC

Summary of Benefits and Coverage Highlights and Frequently Asked Questions

A Summary of Benefits and Coverage (SBC) is a four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit’s coverage and limitations. For fully insured plans, the insurer is responsible for providing the SBC to the plan administrator […]
Read more