What Employers Need To Know About The Pay Or Play Mandate In 2014

Webinar: ID# 1013685
Recorded CD
About This Course:
Large or national employers should enroll in this live audio conference to learn the latest in employer reporting requirements and tweaks to regulations and transition rules on the "Pay or Play" Employer Mandate under the Affordable Care Act (ACA). It is unlikely that the Obama Administration will again delay ACA's employer penalty provisions (termed employer "shared responsibility" payments under ACA) for another year, with over 2 million individuals enrolled on the public exchanges.

Long awaited new regulations regarding ACA employer reporting requirements to enable the Internal Revenue Service to assess employer penalties are now expected to be issued in the first quarter of 2014. Employers who make workforce adjustments to avoid "large employer" status under ACA should also enroll in this audio conference to learn potential litigation risks under ACA and the Employee Retirement Income Security Act (ERISA).

Learning Objectives

  • You will be able to explain the measurement, stability and administrative periods
  • You will be able to identify common features of penalties
  • You will be able to discuss what the employer reporting requirements to the IRS are
  • You will be able to review what the potential litigation risks are

AgendaIs the Employer an Applicable Large Employer for Purposes of the Shared Responsibility Payments?

  • The Basis for Applicable Large Employer Status: Counting Full-Time and Full-Time Equivalent Employees
  • The Threshold of 50 FT/FTE Employees
  • The Controlled Group Basis
  • Exemptions From 50
  • The Measurement, Stability and Administrative Periods
  • The Definition and Length of Each Type of Period
  • The LookBack Measurement Periods
  • Changes in Employee Status and Breaks in Service
  • The Transition Rule for 2014

What Are the Shared Responsibility Payments (a/k/a the Pay or Play Employer Penalties?)

  • Common Features of Penalties
  • Triggered Only by FullTime Employee Receiving Subsidized Public Exchange Coverage
  • Assessed on Individual Member of Controlled Group
  • The No-Coverage Employer Penalty Under Internal Revenue Code §4980(a)
  • Definition of Dependent Coverage for Penalty Provision Purposes
  • Calculation of the §4980(a) Penalty
  • The Unacceptable Coverage Employer Penalty Under Internal Code §4980(b)
  • Coverage Not Minimum Essential Value or Affordable
  • Affordability Safe Harbor
  • Calculation of the §4980(b) Penalty
  • Eligibility for Subsidies
  • Employees Not Eligible
  • Federal Poverty Level Guidelines

What Are the Employer Reporting Requirements to the IRS?

  • Delay in Employer Shared Responsibility Penalties to 2015
  • New Regulations Regarding Reporting Requirements

What Are the Potential Litigation Risks?

  • Section 510 of the Employee Retirement Income Security Act
  • Section 1558 of the PPACA
What Employers Need To Know About The Pay Or Play Mandate In 2014
Available on CD format
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