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OnDemand Course

Health Care Reform: Taxation and Accounting Issues

Understand the 'big picture' of the Affordable Care Act and its requirements on health plans and employers.

The ACA has now been in existence for over a decade. Despite a concerted effort by some in Washington to overturn it, it's now here to stay, for good or ill. Although the individual coverage mandate was repealed, all of the onerous requirements placed by the ACA on employers with 50 or more full-time employees are still in full force. Anyone working in the areas of human resources or benefits, including those who work for medium-size employers, should have a thorough understanding of the ACA's rules, especially the requirements of the so-called 'employer mandate.' We will cover the basic structure of the ACA and employer mandate in detail, providing a thorough grounding, or needed review, for HR and benefits professionals. We will also explain the recent Supreme Court that upheld the ACA against its latest, and perhaps last, constitutional challenge. We will also cover the three major Trump administration regulatory initiatives on short-term/limited duration insurance, association health plans, and Individual Coverage Health Reimbursement Arrangements (ICHRAs). In the case of ICHRAs, we will try to assess whether they have the potential to revolutionize employers' provision of health care to employees in the same way that 401(k) plans revolutionized the provision of retirement benefits. Finally, we will cover the recent and temporary expansions of ACA enrollment periods and subsidies that were included in the last round of federal coronavirus relief legislation, as well as the No Surprises Act that takes aim at surprise medical bills.

111 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 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

Affordable Care Act (ACA) Purposes and Brief History

Review of the Basic Provisions of the ACA

  • Insurance Market and Employer-Based Plan Reforms
  • State and Federal Health Care Exchanges
  • Medicaid Expansion
  • Subsidies for Individual and Family Coverage
  • Individual Mandate and Its Repeal
  • Tax Increases

Survival in the Face of Repeated Constitutional and Legislative Challenges

Review of the Employer Mandate (Employer Shared Responsibility) and Related Reporting Rules, Including IRS Enforcement

Trump Administration Regulatory Initiatives and Their Current Status

  • Association Health Plans (AHPs)
  • Short-Term Limited Duration Insurance (STLDI)
  • Hospital Price Transparency Rule
  • Individual Coverage Health Reimbursement Arrangements (ICHRAs)

American Rescue Plan's Temporary Expansion of Exchange Subsidies and Enrollment Periods and No Surprises Act

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Why Lorman?

Over 37 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 Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on September 8, 2021.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.75
     
  • This course has been approved for 1.75 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.75
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.75 CLE hours of participatory credit.
     
  • NY CLE 2.0 including Areas of Professional Practice 2
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 2.0 credit hours in the area(s) of Areas of Professional Practice for 2.00 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

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Why Lorman?

Over 37 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

Luke D. Bailey

Luke D. Bailey

Clark Hill PLC

  • Senior Counsel in the Collin County, TX office of Clark Hill PLC
  • Practices in all aspects of employee benefits and executive compensation
  • Conducts regular seminars and workshops on numerous employee benefits and executive compensation issues
  • Author of numerous articles related to the areas of employee benefits and executive compensation
  • J.D. degree, Order of the Coif, University of California at Berkeley (Boalt Hall); A.B. degree, cum laude, Occidental College
  • Can be contacted at 214-651-4572 or [email protected]
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Why Lorman?

Over 37 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

All of your training, right here at Lorman.

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

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

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

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Product ID: 409162
Published 2021
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Available in Multiple Formats

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