This seminar is designed for human resource and payroll managers, benefits managers, accountants, presidents and vice presidents, CFOs, controllers, office managers, consultants, insurance professionals, tax managers, financial planners and analysts, enrolled agents and attorneys.
As a business professional, you know that complying with regulations for employee welfare benefit plans is an important and challenging issue. This comprehensive and dynamic one-day seminar is designed to provide you with a better understanding of the statutory and regulatory framework of these important federal regulations, and will prepare you and your business for meeting compliance requirements and avoiding costly penalties. We will focus on the cafeteria plan rules, COBRA compliance and general reporting and disclosure requirements. The day will provide a walk-through of what an employer has to do EVERY DAY to be in compliance with these confusing and ever-changing laws.
Specific topics to be discussed include:
125 Cafeteria Plans
Reporting and Disclosure Requirements
8:30 a.m. - 8:40 a.m.
8:40 a.m. - 11:45 a.m. (Break 10:00 a.m. - 10:10 a.m.)
II. Flexible Benefit Plans
B. Benefits Under A Cafeteria Plan
C. Federal And State Taxes
D. Plan Requirements
E. Revocation Of Elections
F. Nondiscrimination Requirements
G. Reporting Requirements
H. Cafeteria Plan Design And Implementation
I. Flexible Spending Account
J. Considerations In Establishing A Cafeteria Plan
K. Recent IRS Guidance
11:45 a.m. - 12:45 p.m.
Lunch (On Your Own)
12:45 p.m. - 2:30 p.m.
III. COBRA Compliance
A. Overview Of COBRA
B. Employers Subject To COBRA
C. Employers Exempt From COBRA
D. Qualified Beneficiaries
E. Qualifying Events
F. Duration Of Benefits
G. Election Rights
H. Paying For Coverage
I. Termination Of COBRA Benefits
J. Notification Requirements
K. Recent Legislation
2:30 p.m. - 4:15 p.m. (Break 3:00 p.m. - 3:10 p.m.)
IV. Reporting And Disclosure Requirements
A. Summary Plan Descriptions
B. Summary Of Material Modifications
C. Summary Of Material Reductions
D. Summary Annual Report
E. HIPAA Certificates Of Creditable Coverage
F. HIPAA Pre-Existing Condition Notices
G. HIPAA Privacy Notice
H. Notice Of Appeal Rights When A Claim Is Denied
I. WHCRA Notice
J. Electronic Disclosure
4:15 p.m. - 4:30 p.m.
V. Wrap Up And Questions And Answers