Form W-2 and Employer-Sponsored Health Coverage
New Guidance Addresses Important Compliance Aspects
Available immediately
Although new Form W-2 reporting rules apply this year (requiring employer-sponsored health coverage in 2012 to be reported on Form W-2s issued in 2013), the IRS has just changed and clarified several important requirements. Whether you have already developed a compliance approach or have waited for this guidance before committing to a course of action, health plan sponsors and advisors alike must reevaluate what is required. Join our experts in this 90-minute web seminar as they review the nuts and bolts of the Form W-2 requirement in light of the new guidance.
Originally presented on February 2, 2012.
Seminar Level
Topics Covered
Here’s some of what was covered:
- What is the effect of the latest IRS guidance? What are the practical implications of the changes and clarifications made by the IRS?
- When is the new reporting requirement effective? Which employers must comply (including new rules for tribal government entities), and what special rules apply for certain employees (such as retirees and employees who terminate employment midyear)?
- What health coverage must be reported, what coverage is excepted (including HRAs plus certain health FSAs and dental/vision coverage)?
- What are the new rules for EAPs, wellness programs, on-site medical clinics? What are the clarifications for programs that include both health and non-health benefits and fixed indemnity coverage?
- What are the methods for calculating the cost of coverage, and when should the COBRA rate be used? How must employers handle changes in coverage during the year (including divorce or change in family status)? What is the rule for coverage periods that straddle two taxable years?
- What are the penalties for noncompliance with the reporting obligation?
Details
Speakers: Christy A. Tinnes and Gita K. Sharma. Ms. Tinnes is an attorney, a Principal with the Groom Law Group, and a Contributing Author of EBIA’s Health Care Reform for Employers and Advisors. Ms. Sharma is an attorney and Senior Editor at EBIA. She is the Editor and a Contributing Author of EBIA’s Health Care Reform for Employers and Advisors.
Handouts: A handout of the seminar slides and other information is provided through download.
Viewing Details
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