The seminar will compare and contrast not only FSAs (Flexible Spending Accounts) but two plans that are less than three years old, i.e. HRAs (Health Reimbursement Arrangements) and HSAs (Health Savings Accounts). The seminar will concentrate on WHICH plans to use, WHEN you would use them and WHY we would use one plan and not the other.
- Overview and general information (healthcare cost drivers)
- General overview of Section 125 cafeteria plans
- General overview of Section 105 health reimbursement arrangements
- General overview of Section 223 health savings account
8:30 a.m. - 10:30 a.m.
I. Overview And General Information (Healthcare Cost Drivers)
A. Outline Of Key Cost Drivers In The Healthcare Industry
B. Who Is Responsible For The Rising Cost Of Healthcare?
C. What Are An Employer's Options?
D. Overview Of The New Generation Of Consumer Driven Healthcare
E. What Exactly Is 'Consumer Driven Healthcare'?
II. General Overview Of Section 125 Cafeteria Plans
A. Plan Document Legal Requirements
B. General Plan Administration Overview
C. Form 5500 Filing Requirements
D. Non-Discrimination Testing Requirements
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 11:40 a.m.
II. General Overview Of Section 125 Cafeteria Plans (Continued)
E. COBRA/HIPAA Requirements
F. Change In Status Regulations
G. Eligible/Ineligible Benefits
H. Eligible/Ineligible Participants
I. Non-Compliance Consequences
11:40 a.m. - 12:40 p.m.
Lunch (On Your Own)
12:40 p.m. - 4:30 p.m. (Break 2:30 p.m. - 2:40 p.m.)
III. General Overview Of Section 105 Health Reimbursement Arrangements
A. What Is An HRA?
B. Plan Design Options
C. Who Can And Cannot Participate In An HRA?
D. How To Find The Premium Savings
E. How Does The Carryover Provision Promote 'Consumer Driven Healthcare'?
IV. General Overview of Section 223 Health Savings Accounts
A. What Is An HSA?
B. Governing Law Of HSAs
C. Who Is An Eligible Individual?
B. Who Is An Ineligible Individual?
C. What Is A 'Qualified' High Deductible Health Plan?
D. What Are The Contribution Limits And Who Can Contribute?
E. How Are The Distributions Taken?
F. How Do You Establish An HSA?
G. Discrimination Rules
A. Outline Differences Between FSA, HRA And HSA
B. Checklist For Employers To Determine Which Section Of The Tax Code Will Most Help Them
C. Question And Answers