This webinar will explain in detail the reporting requirements under the Affordable Health Care Act, calculating group term life insurance and tax ramifications of third party sick pay. Attendees will gain an understanding of the different types of health plans outside of the typical group health insurance and how each must be handled and reported on Form W-2.
This webinar will focus on the following topics:
Why Should You Attend:
A lot of attention was paid last year and again this year to benefits offered under the Affordable Health Care Act (ACA). And although 2012 was the first time payroll had to report the value of health insurance benefits on the Form W-2, it is not the first time an insurance benefit has had to be reported by payroll. In recent years, payroll has been required to determine taxation and reporting requirements for health insurance programs such as Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs) and Medical Savings Accounts (MSAs).This webinar will focus on the following topics:
- Basics of handling insurance in the payroll department including reviewing the requirements under the ACA for the 2014 reporting of health insurance.
- How to handle other types of health insurance plans such as HSAs or HRAs.
- Taxing and reporting life insurance, from simple group term life insurance to whole or split life insurance.
- Basics of third party sick pay to ensure that it is properly reported for this year.
- Role payroll plays in workers’ compensation pay-outs and premium payments.
- How to determine the taxation for federal income, Social Security tax, Medicare taxes and the additional Medicare taxes for various types of insurance benefits that can or may be offered by an employer as a benefit to their employees.
- This is an excellent basic training webinar for those new to payroll and an excellent refresher program for the seasoned professional.
Areas Covered in the Webinar:
- Calculating and reporting health insurance benefits for 2014
- How to deal with the complexities of third party sick pay taxation and reporting
- How to calculate, tax and report group term life insurance
- Basics of taxing and reporting whole and split life insurance
- Handling the alphabet soup of health insurance including HSAs, HRAs and MSAs
- Essentials of workers’ compensation for payroll
Who Will Benefit:
- Payroll Professionals
- Human Resources
- Accounting Personnel
- Business Owners
- Lawmakers
- Attorneys, or any individual or entity that must deal with the complexities and technicalities of handling health or other types of insurance benefits within the payroll process
Course Provider
Vicki M. Lambert,
