The Affordable Care Act: Employer Checklist for 2013
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Who should watch:
- Labor/Employment attorneys
- Employee Benefit practitioners
How you’ll benefit:
- Understand the implementation timeline for provisions of PPACA
- Be able to advise your business clients on what they must do to comply
- Be prepared for additional regulations and forthcoming guidance
No law since perhaps the creation of the Medicare and Medicaid programs has more significantly shifted the health care landscape than the Patient Protection and Affordable Care Act (PPACA). With the re-election of President Obama and the affirmation of the Supreme Court, we can assume that PPACA is here to stay.
Presenting Attorney Gesina Seiler of Axley Brynelson LLP will address those requirements that employers must deal with in 2013, 2014, and beyond, as well as what preparations they should begin making in order to meet compliance standards in the future.
It's a dramatic change
Under the employer mandate – which takes effect January 1, 2014 – most employers must provide health insurance coverage to all full-time employees or pay a penalty to the IRS. Fines can be assessed against employers who offer inadequate coverage or coverage that is unaffordable. Other aspects of PPACA include:
1. Changes to W-2 reporting
2. In 2013: $2,500 Flexible Spending Account limit
3. Need to notify employees about state exchanges
4. Implementation of health insurance exchanges January 1, 2014
Be a knowledgeable advisor
Get a summary of the provisions of PPACA that will be implemented in the coming years most relevant to employers. Be able to advise your business clients about potential penalties and the amount of the penalties for not complying with the Act’s requirements.
Watch on demand today