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Health Care Reform's Pay or Play Rules: Understanding the Latest Guidance

Topic:
Health Care Reform's Pay or Play Rules: Understanding the Latest Guidance
Date:
February 26, 2013 at 12:00 - 1:00 PM ET
Presenters:
Amy Ciepluch, Attorney(Quarles & Brady)
webcastImgVirtual
Description
The Affordable Care Act generally requires that “large” employers - generally those with 50 or more full-time equivalent employees - provide a minimum level of health plan coverage to “full-time” employees or pay a penalty. Employers can face a penalty of $2,000 per full-time employee for failing to offer minimum essential coverage to just 5% of their full-time employees and employers who fail to offer affordable coverage can face a penalty of $3,000 for each employee who goes to an exchange and receives subsidized coverage.

Although this “Pay or Play Rule” technically does not start applying until January 1, 2014, decisions employers make as early as 2013 can impact the coverage that is offered in 2014. For example, employers who intend to offer coverage will need to count 2013 hours to determine who qualifies as "full-time" for 2014. Thus, employers need to immediately start considering their health plan strategy.

This seminar will focus on the latest IRS guidance, including the following topics addressed in the new regulation issued on December 28, 2012:

• Identifying applicable large employers, including new rules for employers close the 50-employee threshold;
• The new rule for coverage of employees' adult children;
• How to count hours for employees on leave and employees who are rehired;
• Two new affordability safe harbors; and
• Special transition rules for 2014.

Don’t miss this seminar, which is designed for benefits professionals with some experience with the Pay or Play rules -- it will keep you “ahead of the curve” on how the new rules work!
Who Should Participate
Benefits professionals responsible for U.S. health plan compliance.
What You Will Learn
Who is a “large” employer that is subject to the Pay or Play Rule? Partipants will learn how the Pay or Play Rule will affect plan design and employees, how an employer can ensure that it does not become subject to a Pay or Play Rule penalty and the meaning of key terms, such as “full-time” employee, “minimum value” health plan and “affordable” health plan coverage.
Recommended Resources
http://www.quarles.com/pay-or-play-regulation-changes-2013/ Click here Quarles & Brady's Pay or Play Guide
Communities
Benefits
Design and Technology
Benefits Administration
Medical Benefits
Topical Health Issues
Healthcare Legislation and Compliance
Benefits - Cost Containment, Audits and Legal Risks
Presented by
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Amy Ciepluch
Quarles & Brady

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Event Sponsors
Quarles & Brady
Quarles & Brady LLP provides broad-based, national-level legal services through a strong network of regional practices and local offices.
File List
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5 / 5
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5 / 5
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Attended to obtain HRCI credits and gain up-to-date knowledge. Thank you! 4 / 5
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I had joined 30 mins late as I was held up with a meeting. I found the document shared extremely interesting and would like to know more on this subject. I work as an Procurement advisor to many Fortune 500 companies and would like to provide them with my inputs on this subject. It would be great if I could have the recorded webinar as I will make for the first 30 mins I missed. 5 / 5
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3 / 5
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Not enough time allotted to discuss such a complicated subject. 3 / 5
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Image of Brianne Sargeant Brianne Sargeant
M3 Insurance Solutions for Business
"Seeing as this is such a ""hot topic"" and most if not all attendees likely already have a general knowledge of what's going on I feel like it would have been more beneficial to spend more time on the in-depth pieces (i.e. measurement and stability periods) and skipping over things like ""currently employer are not required to offer coverage...""" 3 / 5
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Thanks for the 70-page guide I think:) 5 / 5
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Bell Hospital
The presentation was given in the clearest way possible - given that the topic is unclear due its very nature. I really appreciate the handouts and the guide was awesome. 4 / 5
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Image of Karen Landon Karen Landon
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This was an excellent presentation however I wish there had been sufficient time to review some of the issues in greater detail. 4 / 5
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Image of SANDRA SINDELAR SANDRA SINDELAR
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Very good info however too little time allowed for so much to cover. Should of been a 2-2.5 hour Webcast. 3 / 5
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Very helpful thank you for the easily understood presentation. 5 / 5
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Image of Leslie Loftus Leslie Loftus
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Your lawfirm's resource guide on this is AWESOME! Thank you so much for putting it in ENGLISH. I will need to study the measurement periods in more detail. 4 / 5
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Image of Miriam Berger Miriam Berger
A Hire Authority

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