Gain an understanding of the tax rules surrounding health and welfare benefits along with deadlines and reporting requirements.
This course will cover the basics of calculating the taxation of health and welfare benefits provided to employees, along with the reporting requirements associated with these benefits. It will include a discussion of the reporting requirements for medical coverage under the Affordable Care Act and how to navigate the taxation of the alphabet soup of health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs). Employers will gain an understanding of the tax rules surrounding health and welfare benefits and the deadlines for associated reporting requirements.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
How to Calculate and Report Taxation of Health Benefits
- Employer-Provided Benefits
- Benefits With an Employee Contribution
- Special Issues Related to Domestic Partner/Non-Tax Beneficiary Coverage
How to Report Medical Benefits to Comply With ACA Requirements
- Overview of ACA Requirements
- Reporting Minimum Essential Coverage
- Reporting Offers of Coverage
- Issues for Employers That Are Part of a Larger Controlled Group
- IRS Letter 226J
How to Administer and Calculate Taxation of HSAs, FSAs, and HRAs
- Taxation of HSAs
- Taxation of FSAs
- Health Care FSAs
- Dependent Care FSAs
- Taxation of HRAs
How to Calculate and Report Taxation of Group Term Life Insurance
- Overview of Tax Requirements for Employer-Provided Life Insurance
- Distinction Between Employer-Provided Insurance and Insurance Paid for by Employee
- Coverage Offered Through Cafeteria Plan
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 22, 2022.
Call 1-866-352-9540 for further credit information.
- ASA 1.0
- This program may qualify for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Joanna C. Kerpen
Winston & Strawn LLP
- Attorney with Winston & Strawn LLP
- Focuses her practice on employee benefits tax and Employee Retirement Income Security Act (ERISA) matters related to 401(k), pension, health and welfare, and executive compensation plans, including designing, amending, and administering such plans
- Has extensive experience with the Patient Protection and Affordable Care Act, the Health Insurance Portability and Accountability Act, and various other federal and state laws relevant to health and welfare plans
- Represented clients before the Department of Labor and Internal Revenue Service; she has assisted clients with voluntary correction filings under the Employee Plans Compliance Resolution System and applications for determination letters on plan termination and tax qualification
- LL.M. degree, with distinction, Georgetown University Law Center; J.D. degree, Loyola University of Chicago School of Law; B.S. degree in accounting and art history, Boston College
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
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- OnDemand Courses
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