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The Essentials of Taxing and Reporting Insurance Benefits in 2014 and Beyond (HRM240G)

Presented by: Vicki M. Lambert, CPP
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Pre Recorded Webinar
90 minutes
  •  Thu, February 6, 2014
Event Description



Know How To Determine Taxation And Reporting Requirements For Health Insurance Programs Such As HSAs, HRAs And MSAs!

A lot of attention was paid last year and again this year to benefits offered under the Affordable Health Care Act (ACA). And although 2012 was the first time payroll had to report the value of health insurance benefits on the Form W-2, it is not the first time an insurance benefit has had to be reported by payroll.  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 2013 when third party sick pay payments are included?

Register for this 90 minute audio session, where Vicki M. Lambert, CPP will cover the basics of handling insurances in the payroll department, including reviewing the requirements under the ACA for the 2014 reporting of health insurance.  She will examine how to handle other types of health insurance plans such as HSAs or HRAs, and discuss taxing and reporting life insurance, from simple group term life insurance to whole or split life insurance. Vicki will cover the basics of third party sick pay to ensure that it is properly reported for this year. And finally she will briefly examine the role payroll plays in workers’ compensation pay-outs and premium payments.

Topics covered in the session

  • Review calculating and reporting health insurance benefits for 2014
  • Discuss 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 | Payroll Training SpeakerVicki 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 and respecte... More info

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    Event Title: The Essentials of Taxing and Reporting Insurance Benefits in 2014 and Beyond
    Presenter(s): Vicki M. Lambert, CPP

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