ACA Updates & the Cadillac Tax
About This Event
Description
Do you remember the Cadillac tax? When the Affordable Care Act was passed in 2010, it contained a "time bomb" in the form of a 40% excise tax on high-cost employer health plans that didn’t go into effect until 2018.
As we approach 2016, the so-called "Cadillac tax” looms much larger. Any plan changes or contribution philosophy changes need to be vetted and implemented before the end of 2017. Responsibility for calculating the tax falls on the employer. The employer must determine the share that is attributable to each coverage provider, if there is more than one. After calculating the tax and determining each coverage provider’s share, the employer must report the amount due to each coverage provider and to the Department of Treasury in a manner that will be determined by future regulatory guidance.
Objectives of the Presentation
What this potentially means for your organization and the families you provide insurance to
Impact upon current provision of insurance benefits
Potential benefits to the tax
Who the tax is applied to
Current trend to eliminate /repeal the tax
Employer or employee HSA how they are included or excluded in the calculation
Why Should you Attend
As the Affordable Care Act continues to evolve, there have been a number of updates and guidance issued which significantly impact benefits plan sponsors of all employer types and sizes. The Cadillac Tax is one of the final major components of the Affordable Care Act to go into effect, delayed until January 2018 because of controversy and complexity. Some larger employers are already negotiating contracts with unions for benefits that will spill into 2018. The Cadillac Tax is designed to reduce health care usage and costs by leveraging more cost-effective employee plans. It also levies a 40% tax on employers that provide high-cost health benefits to their employees. In this webinar, we’ll review two possible paths, one in the event of repeal, and the other to help ensure compliance and penalty avoidance in the event the regulations remain in place.
Areas Covered
Recent clarifications on ACA 6055 &6056 reporting for self-insured plans such as HRAs &self-insured Rx plans
New ACA developments since the middle of September 2015 (guaranteed there will be a few!)
The Cadillac Tax beginning in 2018
How are the calculations made? : Recent clarifications and ongoing discussions on what will or will not be included when calculating the tax (i.e.FSA, HRA, and HSA plans)
What is the tax threshold and will it be adjusted in future years?
Will you reach the tax threshold? When? How to project ahead
How can penalties be avoided?
What steps can you take now to push forward as long as possible (indefinitely?) the point when you"ll reach the threshold with as little "employee pain" as possible. Beginning in 2015, "large employers" face the first year of potential penalties if...
Effective date - Impact of possible repeal
Who can Benefit
Human Resources - all HR professionals
Finance and Business Officers
Anyone involved in health benefit programs
For Registration
http://onlinecompliancepanel.com/webinar/CADILLAC-TAX-501212/JAN-2016-ES-WORLDCONFERENCE
Note: Use Promo code SMEVB and get 10% off on registration (Valid till Jan 31st)