Live Webinar | What Employers Need to Know About IRS Reporting in 2021
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Live Webinar | What Employers Need to Know About IRS Reporting in 2021
November 23, 2020
The Patient Protection and Affordable Care Act’s reporting requirements are rapidly approaching for employers with group health plans or with 50 or more full-time or full-time equivalent employees. This webinar will provide an overview of the reporting process, changes for 2021 reporting, what we learned from earlier rounds of reporting, and how employers should be tracking employees.
This webinar will:
Review the 2020 final reporting forms and instructions and highlight changes that employers should be aware of
Review the deadlines for employers to submit forms to the IRS and to employees
Discuss reporting offers of COBRA coverage
Explain the difference in reporting requirements for small (less than 50 employees) and large (50 or more employees) employers, and self-funded versus fully insured plans
Discuss the two measurement methods to determine which employees receive a Form 1095-C
Provide best practices on the monthly measurement method and the lookback measurement method
Discuss the importance of accurate reporting in light of the IRS’ proposed penalty assessment letters
Specify the plan years for which the IRS is currently sending proposed penalty letters
Describe what we learned about reporting based on errors that led to IRS proposed penalty assessment letters
This 60-minute intermediate level webinar will help employers determine the best practices for reporting in 2021.
