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Preparing for Health Care Reform in 2013

Duration:
90 Minutes
Access:
6 months
Webinar Id:
700228
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Recorded Version

$195. One Participant

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

Overview:

This webinar will begin with a brief recap of the Supreme Court decision on health care reform that upheld the constitutionality of the so-called individual mandate, while making the expansion of Medicaid optional for each state.

That will be followed by a brief discussion of the potential consequences of the November elections on the future of health care reform. The webinar will then discuss some of the regulations and other guidance that is still needed by employers from the Administration in order to implement health care reform properly, including the nondiscrimination rules for fully insured plans, the rules for employers regarding the penalties for failing to offer affordable health benefits to all full-time employees, rules defining full-time employees, rules defining the minimum value test plans must meet, rules about automatic enrollment for employers with more than 200 employees and reporting rules for employers. This will be followed by a recap of the provisions that you should already have in place, followed by a description of the new provisions that will be effective in 2013, 2014 and beyond. 

The webinar will then focus on the choice employers will have beginning in 2014 of whether to continue offering medical benefits or just paying the penalty and having employees purchase individual health insurance policies from an agent or through one of the new exchanges. The webinar will then turn its focus to the specifics of some of the most important new provisions you need to deal with soon.  If your insurance company did not meet the new standards for medical loss ratios (85% for larger employers and 80% for small employers) then your company will receive a rebate by August 1. You will need to decide how to share this with your employees, which employees will get it and how much each employee is entitled to receive. For open enrollment periods and plan years beginning September 23 and later, employers will need to distribute a new Summary of Benefits and Coverage. This is in addition to the Summary Plan Description, Summary Annual Report, Summary of Material Modifications and Summary of Material Reductions that you are already required to distribute. For plan years beginning on or after January 1, 2013, salary reductions into flexible spending accounts for unreimbursed health care must be limited to $2,500; however, there are some complicated issues associated with this limit, which will be addressed. By the end of  January, 2013 you will need to distribute W-2s for 2012 and those W-2s will need to include new information about the cost of health benefits. 

This webinar will address the new comparative effectiveness research fee. If you have any self-funded plans (including health flexible spending accounts or health reimbursement arrangements) you will need to be prepared to pay this new fee during 2013. The webinar will close with an opportunity to ask questions.

Areas Covered in the Session
:
  • Supreme Court Decision
  • November Elections
  • Regulations and Guidance Still Needed
  • Provisions You Should Already Have in Place
  • Provisions that Will be Effective in 2013
  • Provisions that Will be Effective in 2014 and Beyond
  • Medical Loss Ratio Rebates
  • Summary of Benefits and Coverage
  • Flexible Spending Accounts
  • W-2s
  • Comparative Effectiveness Research Fee
Who Will Benefit:
  • Vice Presidents of Human Resources
  • Human Resource Managers
  • Directors of Compensation and Benefits
  • Benefit Managers
  • Benefit Specialists
  • Employee Benefits Consultants
  • Group Insurance Brokers
  • Employees of Insurance Companies and Third-Party Administrators
Instructor:

Mr.Garner is Chief Compliance Officer at Bolton and Company. Before joining Bolton, he was the principal of Garner Consulting in Pasadena, California. Prior to founding Garner Consulting, he was a principal in the Los Angeles office of Towers Perrin, where he worked for over ten years. Mr. Garner serves as the national legislative and government affairs advisor for the Disability Management Employer Coalition. He is a past chair of the CEBS Committee for the International Foundation of Employee Benefit Plans. He is a past member of the Governing Council of the International Society of Certified Employee Benefit Specialists and is a past president of the Los Angeles Chapter. Mr. Garner is also a past president of the Employee Benefit Planning Association of Southern California, the Los Angeles Life and Accident Claim Association and the Western Claim Conference. He is the author of the Health Insurance Answer Book and articles that have appeared in numerous publications. Mr. Garner received his B.A. degree from Occidental College. He is a chartered life underwriter, a certified employee benefits specialist, a group benefit associate, retirement plans associate, a certified management consultant, and a certified flexible compensation instructor.


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