Tuesday, June 26, 2018 | 3:00 PM – 4:00 PM EDT
While no major benefits legislation is expected to be passed in 2018, the regulatory agencies are busy introducing new rules, the IRS continues to try to collect employer penalties under §4980H and the AARP-EEOC court case could force employers to rethink their wellness strategies. We also cover developments including association health plan regulations and rules expanding the use of HRAs.
A new and wide-ranging European data protection regulation known as the GDPR (General Data Protection Regulation) will go into effect worldwide on May 25, 2018. This new regulation will apply to both EU entities and to U.S. organizations that process EU residents’ data, or who market goods and services to the EU community.
Many employers do not understand the full scope of compliance issues surrounding the HIPAA Privacy and Security requirements. Employers need to have HIPAA policies in place that govern the plan’s use of Protected Health Information (PHI), enter into written agreements with Business Associates, implement safeguards to secure PHI, conduct a Security Risk Assessment, and provide HIPAA training for employees.
Properly administering HSA benefits has always been difficult for employers – IRS rules are often complicated, and improper administration can lead to serious tax consequences for the employer and employees. New benefit arrangements such as concierge medical services, onsite medical clinics, and other reimbursement arrangements can create HSA eligibility issues. This session covers important compliance rules applicable to HSAs, such as coordination with Medicare eligibility, employer contributions rules, and more.
The IRS has begun to send letters to employers (Letter 226J) to begin the collection process for employers who failed to meet the §4980H requirements for benefits offered during 2015. Many of the IRS proposed employer penalties are due to mistakes made in employer reporting, not to an actual violation of a §4980H requirement. This webinar reviews the §4980H rules and employer reporting requirements. We also explain the IRS penalty assessment dispute and collection process and help employers understand how to respond to an IRS proposed assessment.