Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual

Affordable Care Act (ACA) Reporting Requirements

This workshop is critical for employers so they can ensure that they have established processes and systems to accurately complete these new ACA reporting requirements each year.

Many employers have struggled to understand the IRS's ACA reporting requirements that first became effective with respect to the 2015 calendar year. The new IRS Forms 1094 and 1095 that must be used to complete annual ACA reporting each year are complicated and not intuitive. For employers subject to the ACA employer mandate, not understanding how to successfully conduct ACA reporting exposes the employer to the risk of the IRS assessing a non-tax deductible employer shared responsibility payment against them. This information will help persons responsible for ACA reporting administration and compliance understand the reporting requirements applicable to employers with self-insured medical plans and large employers who must offer coverage to full-time employees or risk paying a penalty. This information will provide employers tools to help them ensure that they understand the details necessary to complete ACA reporting in compliance with applicable requirements. Learn how ACA reporting is done on an entity-by-entity basis for entities within a controlled group of companies, must be completed in some cases with respect to former employees in addition to active employees and requires the collection of covered dependents' social security numbers. Leave with the information they need to analyze unique employment and offer of coverage situations to verify that IRS Forms 1094 and 1095 are being completed accurately.

Runtime: 98 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 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

Basic ACA Reporting Requirements

  • Reporting by Providers of Minimum Essential Coverage (Code 6055)
  • Reporting by Applicable Large Employers (Code 6056)
  • Applicable IRS Forms (Forms 1094/1095)
  • Mechanics of Reporting
  • Deadlines for Reporting
  • Penalties for Reporting Failures

Reporting by Providers of Minimum Essential Coverage (Code 6055)

  • What Is Minimum Essential Coverage?
  • Who Must Report?
  • Whose Coverage Must Be Reported?
  • How to Complete Form 1095-B

Reporting by Applicable Large Employers (Code 6056)

  • Which Employers Must Report?
  • Which Employees Must Be Reported?
  • How to Complete Forms 1095-C and 1094-C
  • Transition Relief for 2016
  • Alternative Methods for Reporting

Special Issues

  • Solicitation of Social Security Numbers
  • Impact of Mergers and Acquisitions
  • Multiemployer Plans
  • Determination of Lowest Cost Option
  • Dealing With Error Reports and Corrections
  • IRS Penalty Assessment Process

Examples and Case Studies

  • Reporting HRA Coverage
  • Reporting Offer of Coverage for Month of Hire and for Month of Termination
  • Reporting Offers of COBRA and Post-Employment Coverage
  • Reporting Dependent Coverage
Purchase Options

More Program Information

Why Lorman?

Over 31 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 does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

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

Purchase Options

More Program Information

Why Lorman?

Over 31 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

Lydia H. Parker

Lydia H. Parker

K&L Gates LLP

  • Associate in the Charlotte office of K&L Gates LLP
  • Practice emphasizes all aspects of employee benefits law
  • Speaker at a seminar on recent health and welfare developments
  • J.D. degree, magna cum laude, University of South Carolina School of Law; B.A. degree, summa cum laude, Erskine College
  • Can be contacted at 704-331-7516 or [email protected]
Emily D. Zimmer

Emily D. Zimmer

K&L Gates LLP

  • Partner in the Charlotte office of K&L Gates LLP
  • Practice emphasizes all aspects of employee benefits law with particular expertise in the area of employee welfare benefit plans
  • Conducts regular seminars and workshops on numerous employee benefits topics
  • Wrote several client alerts on employee benefits issues, including ACA employer mandate guidance for educational organizations and other health care reform compliance obligations
  • J.D. degree, Harvard Law School; B.A. degree, summa cum laude, Valedictorian, Washington and Lee University
  • Can be contacted at 704-331-7405 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 31 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 399944
Published 2017
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!