Surgent's Taking Your Medicine: Health Care Update (OBC4)

Description

We live in interesting times when it comes to health care obligations for employers. The Affordable Care Act (ACA) fundamentally changed the way in which individuals and businesses approach healthcare. While attempts to repeal the ACA have proven unsuccessful so far, an end to the individual mandate is coming in 2019 as a result of The Tax Cuts and Jobs Act. In the meantime, ACA compliance obligations remain both complex and mandatory. Otherwise uninsured individuals and employers with 50 or more full-time or full-time equivalent employees must be on top of the complicated ACA rules as they apply in the current year. This course will focus on the key issues and planning strategies that tax practitioners need to know in order to effectively advise their clients during this uncertain time. The course will also address other options employers have for assisting employees with healthcare costs as well as tax and planning considerations for non-healthcare-related employer-provided fringe benefits.

Highlights

• New rules for Health Reimbursement Accounts (HRAs)
• Current and breaking developments in healthcare reform
• Current year ACA compliance requirements and challenges

Objectives

• Understand how the Affordable Care Act affects businesses and individuals
• Recognize how and when Affordable Care Act-related penalties apply to individuals and businesses
• Understand how Notice 2015-17 applies to employer reimbursements of employees who purchase health insurance
• Understand the new rules for health reimbursement accounts
• Understand the current status of healthcare reform and how it affects current year compliance obligations

Designed For

Tax practitioners who need to understand current year healthcare compliance requirements and challenges for employers