Affordable Care Act: Employer Rights and Responsibilities ON DEMAND

Overview

The Patient Protection and Affordable Care Act (PPACA) has brought about the most significant change in healthcare since the passage of the 1965 legislation that authorized Medicare. It imposes healthcare-related requirements on health plans, health insurers and employers. Eligible small employers may receive tax credits for providing health insurance coverage to their employees, and large employers may find themselves subject to tax penalties for failing to provide such employee coverage. This course will review the principal coverage provisions of the law and will examine its tax impact on employers.

Highlights

Overview of PPACA Coverage Provisions. Grandfathered Health Plans. Benefit Limits Prohibited. Large Employer Requirement to Provide Health Coverage. Employer Credits and requirements. Form W-2 Reporting of Employer-Sponsored Health Coverage. Small Employer Health Insurance Premium Credit.

Prerequisites

None.

Designed For

CPAs.

Objectives

Identify the rules applicable to grandfathered health plans, the use of pre-existing condition exclusions, and annual and lifetime benefit limits. List the conditions that would permit an insurer to rescind health insurance coverage. Recognize the requirements imposed by healthcare reform legislation. W-2 reporting requirements imposed on employers providing employer-sponsored health coverage, and transition relief provided concerning W-2 reporting. Define “full-time employee” and “full-time equivalent employee” for purposes of employer tax credits and penalties under the PPACA patient protection provisions, and dependent coverage to young adults. Rules that apply to a small employer’s eligibility for a health insurance premium credit, and nature of a “qualifying arrangement” under which an employer pays premiums for employee health insurance coverage, and more.

Preparation

None.

Notice

None.