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Live Webinar

90-minute live streaming program
  • November 28
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Webinar

New COBRA Audit Guidelines

November 28

Are you prepared for a COBRA audit?

The Consolidated Ombibus Budget Reconciliation Act of 1985 (COBRA) requires employers' group health plans provide certain employees and their family members the right to temporarily continue health coverage under the plan at group rates. This topic will help you comply with COBRA by understanding which of your employees are eligible for COBRA rights (‘qualified beneficiaries'), when they become eligible for COBRA (‘qualifying events') and what happens if an employee elects COBRA continuation coverage. Further, in March 2012, the IRS released a publication titled ‘Audit Techniques and Tax Law to Examine COBRA Cases.' This publication signifies increased audit activity on COBRA compliance. This information will also help you identify and prepare for the areas of focus in an IRS COBRA audit. The topic will help you prepare for an IRS COBRA audit by explaining what you should be doing to comply with COBRA, how to respond to an auditor's document request, and what to expect if the auditor asks to interview you. This information is critical for employers to properly prepare for an IRS COBRA audit and avoid the significant penalties that may apply.

Learning Objectives

- You will be able to describe and prepare required notices and other documents required by COBRA. These documents are of significant interest to an IRS COBRA auditor.

- You will be able to discuss IRS COBRA audit techniques, when a COBRA audit is typically triggered, what documents the auditor will request for review, how to prepare for the auditors interview, and penalties that may apply.

- You will be able to identify employees who may be eligible for COBRA continuation, the events triggering an employee's right to continuation coverage, and what information to retain to prepare for a COBRA audit.

- You will be able to recognize COBRA qualified beneficiaries, qualifying events and understand the significance of each.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

History of COBRA and Oversight Agencies
  • Consolidated Omnibus Budget Reconciliation Act of 1985
    • Purpose of COBRA
    • Qualified Beneficiaries
    • Qualifying Events
    • COBRA Continuation Coverage
    • Notices
    • Payments and Premiums
  • Internal Revenue Code and Internal Revenue Service
  • Employee Retirement Income Security Act (ERISA)
  • Public Health Service Act
IRS Audit Techniques and Law to Examine COBRA Cases
  • Initial IRS Screening of COBRA Cases
  • IRS Examiner's Documentation Request
  • Personnel Records
  • Auditor's Interview
  • IRS Penalties
    • Liable Persons
    • Maximum Penalty
    • Minimum Penalty
    • Special Rules
  • IRS Correction
  • Self-Reporting Requirement
Recommendations for Employers
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • HR Certification Institute 1.5
     
  • This program has been approved for 1.5 recertification credit hours toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.8 including Personnel/HR 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.8 hours. Prerequisite: basic knowledge of employee benefits. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.8 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for human resource and benefits professionals, payroll managers, business owners and managers, controllers and insurance professionals.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Matthew R. Zischke

Matthew R. Zischke

Dykema Gossett PLLC

  • Attorney in Dykema Gossett PLLC’s Bloomfield Hills, Michigan office
  • Primary focus on providing employee benefit advice to publicly owned, nonprofit, private, and governmental employers
  • Focuses practice on providing ERISA, IRC, DOL, PPACA, COBRA and HIPAA compliance advice regarding pension plans, 401(k) plans, 403(b) plans, ESOP plans and other retirement and welfare plans
  • Has experience with representing clients before the IRS with respect to qualified retirement plan Voluntary and Self Compliance Programs, Letter of Determination Applications, and Private Letter Ruling Requests
  • Prior to joining Dykema, he provided advice to multiemployer defined benefit, defined contribution, insurance and welfare, supplemental unemployment, apprenticeship and retiree fringe benefit funds
  • Prior to attending law school, he worked for several years in the management of union and nonunion production facilities
  • Licensed to practice in Michigan and in the U.S. District Court for the Eastern District of Michigan. He is a member of the American Bar Association, Michigan Bar Association, Oakland County Bar Association, International Foundation of Employee Benefit Plans, and the Detroit Economic Club
  • J.D. degree, University of Detroit Mercy School of Law; M.B.A. and undergraduate degrees, Central Michigan University
  • Can be contacted at 248-203-0715 or [email protected]
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400708
Published 2013, 2017
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