The recently signed Tax Cuts & Jobs Act (TCJA) made significant changes to many of the benefits and perks offered by employers to their employees, including transportation benefits (commuting, parking, bicycling), reimbursement for moving expenses, onsite gyms, meals and entertainment, and achievement awards. The indexing rules for some contribution limits for employer-sponsored health plans and HSAs were changed, which may result in the announcement of new limits for 2018, and the individual mandate penalty will be reduced to zero in 2019. A tax credit was added for certain paid family and medical leave programs, subject to specific conditions. Provisions of the TCJA have different beginning dates and some have sunset dates, meaning that the rules will return to their pre-TCJA form in the future unless Congress acts to continue them. And finally, some employee benefit programs that seemed to be on the chopping block (e.g., adoption expense programs and dependent care assistance programs) survived and remain in effect.
Join Christine Williams, founder of Health Plan Plain Talk, as she reviews the many changes made by the TCJA, how the changes will affect employers, and what changes employers should consider making, including required amendments to benefit plan documents.
WHAT YOU’LL LEARN
Just a sampling of what will be covered:
- How the employer tax credit for certain paid family and medical leave programs will work, and what employers need to do in order to qualify for the credit
- The status of transportation benefits (commuting, parking, and bicycling)
- The new rules on moving expense reimbursement
- Changes relating to employee meals and recreation
- Employee achievement award changes
- Whether the de minimis exception will continue to apply
- The new indexing rules for health FSAs and HSAs and what their effect is likely to be
- Whether the repeal of the individual mandate penalty in 2019 will affect employer-sponsored health plans
- Options for employers that wish to maintain some or all of the benefits and perks that have been negatively affected by the TCJA, or to develop substitutes for them
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “The Tax Cuts & Jobs Act: Its Effects on Employer-Sponsored Health Plans, Fringe Benefits, and Paid Family Leave” is Christine Williams. Ms. Williams has worked in the employee benefits field since 1987, both in private practice and as in-house counsel to a Fortune 100 company, and recently founded HealthPlanPlainTalk.com, an online resource for benefit plan sponsors and employee benefit professionals. She has extensive experience with all types of health and welfare plans, and was the editor and a contributing author of HIPAA Portability, Privacy, & Security, published by the Employee Benefits Institute of America (EBIA), a division of Thomson Reuters, and is now a contributor to that publication. She was a contributing author of Health Care Reform for Employers and Advisors, also published by EBIA. She has provided advice on HIPAA, health care reform, and benefit plan compliance to a wide range of health plans, employers that sponsor health plans, and business associates, and she regularly teaches seminars for employee benefit professionals. Before moving into employee benefits, Ms. Williams was a trial attorney at the U.S. Department of Justice and an assistant professor at the University of Maryland School of Law. She earned her J.D. degree from the University of Kentucky College of Law.