Reporting Costs of Health Insurance on Employee W-2s: New Requirements
Mastering the Procedures for Disclosing and Valuing Coverage Starting in 2013
Recording of a 110-minute CPE webinar with Q&A
This program qualifies for CPE and CFP continuing education credits.
This teleconference will prepare tax advisors and professionals to deal with the new federal mandate to value and report an employee's employer-sponsored health insurance on Form W-2 starting in Jan. 2013.
Background on the health coverage reporting mandate
- Patient Protection and Affordable Care Act
IRS Notice 2011-28, Mar. 30, 2011
- Transitional relief for certain small employers, and waiver for some employers with self-insured plans
Identifying plans to include in the W-2 reporting requirement
- Fully insured and self-insured plans must be included
- HSAs, HRAs, healthcare FSAs, MSAs, stand-alone vision and dental plans are excluded
Valuing each plan
COBRA valuation calculation
- Aggregate cost includes employer, employee contributions
- Valuation methods for fully insured plans
- Valuation methods for self-insured plans
- COBRA valuation calculation
- Special situations that can affect proper calculation
The panel will explore these and other relevant issues:
- Plans that are and are not included in the W-2 reporting requirement.
- Valuation methods available for fully insured and self-insured health plans, and how each works.
- Special situations that present challenges in accurately calculating aggregate health plan costs.
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Warner Norcross & Judd
He specializes in employee benefits, and privacy and information security law. In the employee benefits area, he works... | Read More
He specializes in employee benefits, and privacy and information security law. In the employee benefits area, he works on health and welfare benefits and associated administrative issues, getting into COBRA, HIPAA and healthcare reform.Close
Morgan Lewis & Bockius
His practice focuses on employee benefits issues in the areas of retirement, health and welfare plans, and payroll... | Read More
His practice focuses on employee benefits issues in the areas of retirement, health and welfare plans, and payroll practices, for clients including Fortune 500 corporations. Before coming to Morgan Lewis, he led the Hewitt Associates' Legal Group responsible for outsourcing employee benefits.Close