PPACA - Large Employer Penalties Overview

Why Should You Attend:
Provisions within the PPACA law impose financial penalties on large employers who do not offer employer-sponsored health coverage. Recognizing if you are considered a large employer under PPACA and subject to financial penalties maybe an important part of your future business strategy.

Attend this webinar to understand how to determine if you are considered a large employer under PPACA and what penalties may be assessed if you do or do not offer employer-sponsored health coverage.

Learning Objectives:
At the end of this session you will be able to:

• Determine if you are a small or large employer under PPACA.
• Determine the penalties for not offering employer-sponsored health coverage.
• Describe the penalties for offering employer-sponsored health coverage.
• Describe when penalties are not imposed.

Areas Covered in the Seminar:

• PPACA Definition of Small and Large Employers.
  • Full time employee definition
  • Full time equivalent employees
  • Example Company A
• Potential Tax Penalties – Large Employers.
• Large employer NOT offering coverage
  • $2,000 per employee per year minus first 30 employees
  • Example Company B
• Large employer offering coverage.
  • Lesser of $3,000 per employee receiving coverage via the Exchange
  • Or penalty for not offering coverage (whichever is less)
  • Example Company C
• No Penalty Illustration
• Questions and Answers

Who Will Benefit:

• Business owners
• CEOs
• CFOs
• COOs
• HR Managers
• Benefit Administrators
• Health Insurance Agents and Brokers responsible for employer-sponsored benefits

Instructor Profile:
Tony Gutierrez, is Vice President of Integrated Benefit Solutions, Inc./White Bear Group Consulting. He has expertise is group life, health and voluntary benefits. Tony is currently a member of and webmaster for the Triangle Association of Health Underwriters. He is also technology chair for the North Carolina Association of Health Underwriters. Tony has served as media relations chair for the Triangle chapter, NC state chapter, and National Association of Health Underwriters. He has been to Washington on several occasions representing health insurance agents and brokers to discuss Health Reform legislation. He is an experienced course designer, developer, and instructor. Tony has a bachelor degree in Electrical Engineering from NC State.

Instructor Profile:
Teresa C. Gutierrez, is President of IBS/White Bear Group insurance and consulting group. She is a certified Life Underwriter Training Council Fellow (LUTCF). Teri is Past President of the Triangle Association of Health Underwriters, Awards Chair North Carolina Association of Health Underwriters and past President of the Raleigh Life Underwriters Association. Her professional achievements include two Seabury & Smith Director's Council National Awards. Teri is currently Vice President, NC Association of Heath Underwriters. Teri brings over 20 years of experience in group health, self-funding, disability, life, and voluntary benefits for mid-size businesses. Teri was also appointed to represent health insurance agents and brokers on the new North Carolina Health Benefit Exchange and Insurance Oversight Workgroup preparing for the NC Health Insurance Exchange in 2014 as mandated in the PPACA legislation. Teri has bachelor degrees in Marketing and Business Administration from Barton College, NC.

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