Health Care Reform -Step-by-Step Guidelines

Vanessa G. Nelson
Instructor Vanessa G. Nelson
Product Id 601589
Duration 60 Minutes  
Version Recorded
Original Price $295
Special Offer Price $10
Refund Policy
Access recorded version only for one participant; unlimited viewing for 6 months

Health Care Reform -Step-by-Step Guidelines

Overview:
Certain provisions of the Patient Protection and Affordable Care Act (PPACA) will impact employer group health plans. Beginning in 2014, employers with at least 50 full-time employees must make available affordable coverage to their workers or face tough tax penalties.

To begin with, employers need to prepare to comply with new measures that are coming into effect in the next few months, i.e., the uniform summary of benefits coverage (SBC), W-2 reporting (many employers soon will be required to report the value of the employer coverage on IRS Form W-2), the Patient-Centered Outcomes Research Institute (PCORI) trust-fund taxes, and the $2,500 cap on health flexible spending accounts (FSAs). It is important that employers have an understanding of the SBC requirements and whether they will need to prepare an SBC as well as when they will need to begin distributing it. Employers need to implement systems to collect the information needed to calculate and pay the PCORI ta or handle W-2 reporting as soon as possible.

In the long term, employers need to analyze the impact of comply-or-pay penalties, determining whether they are subject to the penalties or not and if they are whether they want to comply or pay before the wave of mandates and requirements take effect in 2014.

It is imperative that organizations immediately review their plans and seize the opportunity to create better strategies around their health plans, both in design and employee communication.

Why should you attend : Certain provisions of the Patient Protection and Affordable Care Act (PPACA) will impact employer group health plans. Beginning in 2014, employers with at least 50 full-time employees must make available affordable coverage to their workers or face tough tax penalties.

To begin with, employers need to prepare to comply with new measures that are coming into effect in the next few months, i.e., the uniform summary of benefits coverage (SBC), W-2 reporting (many employers soon will be required to report the value of the employer coverage on IRS Form W-2), the Patient-Centered Outcomes Research Institute (PCORI) trust-fund taxes, and the $2,500 cap on health flexible spending accounts (FSAs). It is important that employers have an understanding of the SBC requirements and whether they will need to prepare an SBC as well as when they will need to begin distributing it. Employers need to implement systems to collect the information needed to calculate and pay the PCORI ta or handle W-2 reporting as soon as possible.

In the long term, employers need to analyze the impact of comply-or-pay penalties, determining whether they are subject to the penalties or not and if they are whether they want to comply or pay before the wave of mandates and requirements take effect in 2014.

It is imperative that organizations immediately review their plans and seize the opportunity to create better strategies around their health plans, both in design and employee communication.

Areas Covered in the Session
  • What does the health care reform mean to employers
  • Steps employers need to take to begin complying with the law and plan for the future
  • How should employers respond to PPACA
  • Compliance versus Penalty
  • Insurance companies requirements
  • The 80/20 rule
  • Rebates for group plans
  • Pre-existing conditions
  • Health insurance exchanges
  • Dependent Children

Who Will Benefit:
  • Business Owner
  • Employees who plan
  • Administer benefit plans
Speaker Profile
Vanessa G. Nelson, SPHR, CLRL is founder and President of Expert Human Resources Consultants, LLC, a portable HR department, which was founded to help companies protect their assets and increase profits by assisting them with employee-related lawsuit avoidance, conflict resolution, legal compliance maintenance, benefits administration, and maximization of human capital. Vanessa has worked with multiple diverse companies including, healthcare (medical and dental), government, restaurants, retail, construction, adult day care, automotive, and education. Her motto is "Organizational pains are my pains; I do not succeed until the organization is improved."

Vanessa is a results-oriented HR Consultant with a unique background in business management, spanning over 27 years at Hurley Medical Center and Sparrow Health Systems. Her expertise includes: labor relations, employee relations, workplace investigations, and policies and procedures. Additionally, Ms. Nelson has implemented processes to improve conflict management and employee relations; conducted harassment training to improve company efficiencies, worked with multiple unions to produce positive outcomes, and has recruited dozens of talented employees. She is mobile and able to quickly interpret and apply policies fairly and consistently.

Ms. Nelson received her Master of Science in Administration/Human Resources Management from Central Michigan University, and a Bachelor in Business Management from Northwood University. She holds the Certified Senior Professional in Human Resources (SPHR) credential, which is a national top HR certification, held by less than 11% of HR Professionals in the United States. She is also Certified Labor Relations Leader (CLRL), and is Six Sigma White Belt certified.

Ms. Nelson has conducted multiple seminars including: "Lawsuits Waiting to Happen", "Human Resources and the Law", "FMLA," and "Employment Law Updates”.

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