Course Description: Health care reform dominates the focus of many employee benefit plan advisers these days, and with good reason. There are significant consequences for failing to properly comply with the Affordable Care Act (ACA). Businesses with fewer than 50 full-time employees are exempt from the employer mandate. However, exempt small employers that offer coverage must meet certain other requirements, such as covering the “essential health benefits” and “actuarial value” requirements, and limiting the cost-sharing (e.g., deductibles) under the plan. Small employers also are subject to the new “premium rating” rules. This course will discuss these issues and others that face small businesses under the ACA. This is a recorded webinar that originally ran live on March 6, 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 how an applicable large employer is defined;
• See how the standard measuring period and the administrative period are used to determine full-time employee status;
• Understand how independent contractors, temporary workers and seasonal workers are treated under the ACA;
• Determine the penalties levied on an applicable large employer when failing to provide affordable health care;
• Understand the rules that apply to self-employed individuals; and
• Understand how the ACA impacts Health Reimbursement Arrangements (HRAs) and Defined Contribution health care plans.
1.5
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