Despite the efforts to repeal (or repeal and replace) the Affordable Care Act (ACA), and the changes mandated by a 2017 Executive Order, the requirement that employers file the reports required by the ACA has not changed and the Internal Revenue Service (IRS) expects the forms to be filed. In August the IRS question and answer webpage for employer reporting was updated, and the final versions of the forms and instructions for the 2018 reports were published in September with few changes from the 2017 forms and instructions. The penalties for failing to file in a timely manner have increased, and electronic filing is still required for employers filing 250 or more forms. Some confusing references to transitional relief provisions that have expired have been removed, the instructions on “de minimis” errors and reporting of opt-out payments have been clarified, but reporting of Health Reimbursement Arrangements (HRAs) remains complex.
Please join Christine Williams as she helps employers prepare for the 2018 reports with a line-by-line analysis of the forms.
This webinar will cover the reporting requirements for the 2018 calendar year, including the following:
- What changes have been made from prior years?
- When are the 2018 reports due and is it likely there will be extensions?
- What are the rules for reporting HRA coverage for employees who also have other health coverage?
- Do opt-out payments affect the determination of affordability?
- What are the increased penalties for failure to file the reports or failure to file them in a timely fashion?
- What are the filing requirements for an employer that offers fully insured health coverage or coverage through a multi-employer plan?
- How is COBRA coverage reported?
- When can truncated social security numbers be used?
- Does the $0 penalty for the individual mandate affect employers’ reporting requirements?
- And much more!
Presenter: Christine Williams, Attorney at Law, Founder, Health Plan Plain Talk
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