Course Description: In this recorded webinar, our experts will explain - step-by-step - how to prepare your clients for open enrollment for the 2014 plan year and beyond. Pay or Play. Many of your clients may not realize that employing on average as few as 50 employees during 2013 can subject them to the “pay or play” provisions of the Affordable Care Act (ACA) that apply to large employers. Pay or play means that these clients may have to choose between offering employee health coverage that covers at least 60% of medical costs for health benefits, or paying a tax penalty of $2,000 or $3,000 per full-time employee for the year. Coverage that is too expensive also can subject an employer to penalties. The speakers will answer: 

• Can an employer simply give each of its employees a lump sum and send them to a health care exchange? 
• How are “affordable” coverage and “minimum value” measured? 
• How are penalties calculated and assessed? 
• What new fees do employers have to worry about, how much will they cost and when are they payable? 

 This is a recorded webinar that originally ran live on February 21, 2013. As an eLearning course, you must pass the final exam of this course to receive CPE credit. 

 Course Level: Intermediate 

 Course Prerequisites: None 

 Delivery Method: Self-study

After completing this course, you will be able to: 

• Understand the definition of a “full-time employee” and what happens if a client has workers with variable hours; 

• Define the safe harbors for new hires and temporary and seasonal workers; 

• Know the nondiscrimination rules for insured plans; 

• Understand automatic enrollment; • Define the 90-day waiting period; 

• Know the new rules for wellness programs; 

• Understand notice and reporting requirements; 

• Understand the future of executive health plans; and 

• See how cases going through the courts now may affect the way ACA is implemented.

CPE

1.5

CLE

N/A