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Sponsored by Lorman Education
Product ID: 409571EAU
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The Essentials of Taxing and Reporting Insurance Benefits

OnDemand Webinar (64 minutes)

Gain an understanding of the tax rules surrounding health and welfare benefits along with deadlines and reporting requirements.This course will cover the basics of calculating the taxation of health and welfare benefits provided to employees, along with the reporting requirements associated with these benefits. It will include a discussion of the reporting requirements for medical coverage under the Affordable Care Act and how to navigate the taxation of the alphabet soup of health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs). Employers will gain an understanding of the tax rules surrounding health and welfare benefits and the deadlines for associated reporting requirements.


Joanna C. Kerpen, Winston & Strawn LLP


How to Calculate and Report Taxation of Health Benefits

• Employer-Provided Benefits

• Benefits With an Employee Contribution

• Special Issues Related to Domestic Partner/Non-Tax Beneficiary Coverage

How to Report Medical Benefits to Comply With ACA Requirements

• Overview of ACA Requirements

• Reporting Minimum Essential Coverage

• Reporting Offers of Coverage

• Issues for Employers That Are Part of a Larger Controlled Group

• IRS Letter 226J

How to Administer and Calculate Taxation of HSAs, FSAs, and HRAs

• Taxation of HSAs

• Taxation of FSAs

- Health Care FSAs

- Dependent Care FSAs

• Taxation of HRAs

How to Calculate and Report Taxation of Group Term Life Insurance

• Overview of Tax Requirements for Employer-Provided Life Insurance

• Distinction Between Employer-Provided Insurance and Insurance Paid for by Employee

• Coverage Offered Through Cafeteria Plan