Lorman offers professional resources regarding COVID-19 and the 2020 Election

Live Webinar

100-minute live streaming program
  • September 8
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Health Care Reform: Taxation and Accounting Issues

September 8

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 Although the individual coverage mandate was repealed, all of the onerous requirements placed by the ACA on employers with 50 or more full-time employees are still in full force.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.

Learning Objectives

  • You will be able to recognize the ‘big picture’ of the Affordable Care Act and its requirements on health plans and employers.
  • You will be able to discuss the coverage and reporting requirements on employers with 50 or more full-time employees and the penalties for noncompliance.
  • You will be able to review individual coverage Health Reimbursement Arrangements and how they can be used by employers to provide health coverage that complies with the requirements of the ACA.
  • You will be able to identify recent legislative and regulatory changes in the area of price transparency, as well as recent temporary changes to the ACA’s health care exchange enrollment rules and subsidies.

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Why Lorman?

Over 34 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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More Program Information

Why Lorman?

Over 34 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

This course was last revised on January 15, 2020.

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

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

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AL CLE 1.7
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.7 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 5.
     
  • NH MCLE 1.6
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 95 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE 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.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • CPE 2.0 including Business Law 2
     
  • 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: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 2.0 hours. Prerequisite: . 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.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, attorneys, presidents, vice presidents, CFOs, tax managers, finance directors, tax preparers, and bookkeepers.

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Why Lorman?

Over 34 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 with Clark Hill PLC, Collin County, TX office
  • Specializes in ERISA and the application of federal income tax law to employee benefits and executive compensation
  • Named among The Best Lawyers in America®, highest rating by Martindale-Hubbell Law Directory, and included in D magazine List of Best Lawyers in Dallas in multiple years
  • J.D. degree, the University of California at Berkeley; A.B. degree, Occidental College
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More Program Information

Why Lorman?

Over 34 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
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  • Course Manuals
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  • 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.

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Product ID: 409162
Published 2020, 2021
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