Feb. Webinar: 'Pay or Play' Rules - Part 1
It's the beginning of a new year, and the IRS has given us a late Christmas present in the form of lengthy proposed regulations on the "pay or play" penalty (and how to avoid it) under the Patient Protection and Affordable Care Act. Beginning in 2014, employers with 50 or more full-time employees (or full-time equivalent employees) will have to either offer "affordable" health coverage of at least "minimum value" to their full-time employees or pay a penalty tax. As 2014 approaches, employers must decide 1) if they are large enough for the employer-shared responsibility ("pay or play") penalty to affect them; and 2) if they are large enough, how best to handle this new obligation.
If you are still wondering who exactly is an "employee" under the law, how you handle vacation time, whether you need to cover dependents, how to know if you're large enough for the penalty to be an issue for you, and if there are special transition rules, the new proposed regulations provide answers.
In this 90-minute webinar, we'll give you the answers to these questions and explain some of the additional details provided in this important new guidance. (In our March webinar, we'll cover the rules that apply if you are a large employer.) If you have 50 employees, or think you might, you won't want to miss this informative, intermediate-level webinar.
The presentation slides will be posted to www.UBAbenefits.com the day before the webinar. To register or to learn more, please contact us.
Kathleen R. Barrow, Partner - Jackson Lewis LLP
Kathleen has designed welfare benefit plans and executive compensation arrangements and has counseled sponsors and administrators of these types of plans for fifteen years. She has appeared on behalf of clients before the national offices of the U.S. Treasury and the Department of Labor Employee Benefit Security Administration and has assisted employers in defending plan audits. Kathleen is a member of the Jackson Lewis Health Care Reform Task Force.
Joyce M. Napier, Partner - Jackson Lewis LLP
Joyce counsels clients in a broad range of benefit matters, including general compliance, administration of qualified retirement plans under ERISA and the Internal Revenue Code, and welfare plan issues involving cafeteria plans, health plans, flexible spending accounts, group insurance products, COBRA and HIPAA. She is a member of the Jackson Lewis Health Care Reform Task Force.
This series is brought to you by your Partner Firm of United Benefit Advisors - the nation’s leading independent employee benefits advisory organization with more than 200 Partner offices in 45 states, Canada and the United Kingdom - and Jackson Lewis, founded in 1958, and dedicated to representing management exclusively in workplace law, is one of the fastest growing workplace law firms in the U.S., with over 700 attorneys practicing in 49 locations nationwide.