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The Essentials of Taxing and Reporting Insurance Benefits in 2015 and Beyond (HRM551M)

Presented By : Vicki M. Lambert , CPP
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Audio Conference
90 minutes
  •  Wed, May 13, 2015
Event Description
1.5 Credits

Get Expert Tips on Handling Insurances in the Payroll Dept. and Review the Requirements Under the ACA for the 2015 Reporting of Health Insurance.

A lot of attention was paid last year and again this year to benefits offered under the Affordable Care Act (ACA). In recent years, payroll has been required to determine taxation and reporting requirements for health insurance programs such as HSAs, HRAs and MSAs.  Since the 1980's payroll has had to determine the taxation and reporting of group term life insurance as well. But insurance benefits are not limited to just health or group life. Many companies offer executives other types of life insurance, how does payroll handle those benefits? What about third party sick pay? Which amounts are taxable and reportable or just reportable? Who is responsible for the Form W-2 for 2014 when third party sick pay payments are included?

This webinar with expert speaker Vicki Lambert will provide answers to the above questions and covers the basics of handling insurances in the payroll department, including reviewing the requirements under the ACA for the 2015 reporting of health insurance. This session will examine how to handle other types of health insurance plans such as HSAs or HRAs and will discuss taxing and reporting life insurance, from simple group term life insurance to whole or split life insurance. It will also cover the basics of third party sick pay to ensure that it is properly reported for this year. This webinar, additionally, will briefly examine the role payroll plays in workers' compensation pay-outs and premium payments.

This is an excellent basic training webinar for those new to payroll and an excellent refresher program for the seasoned professional.

Training Objective

  • Review calculating and reporting health insurance benefits for 2015
  • How to deal with the complexities of third-party sick pay taxation and reporting
  • Determine how to calculate, tax and report group term life insurance
  • Examine the basics of taxing and reporting whole and split life insurance
  • Cover handling the alphabet soup of health insurance including HSAs, HRAs and MSAs
  • Touch upon the essentials of workers' compensation for payroll

Who should attend

Payroll and human resources professionals

About Our Speaker(s)

Vicki M. Lambert, Hr Training Programs ExpertVicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals.  With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after ... More info

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    Event Title: The Essentials of Taxing and Reporting Insurance Benefits in 2015 and Beyond
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