Health Plan Expenses
The Families First Coronavirus Response Act (FFCRA) provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
“Qualified health plan expenses” are amounts paid or incurred by an employer to provide and maintain a group health plan. We've developed a calculator to help determine and quantify these qualified health plan expenses for purposes of the refundable tax credits available under the FFCRA.
In this webinar we will:
- Discuss the refundable tax credits for qualified health plan expenses under FFCRA.
- Introduce the calculator and demonstrate how employers can use it to calculate qualified health plan expenses.
Who should attend?
- Employers with fewer than 500 employees
- Self-funded and fully-insured groups
Kirk A. Pelikan
Kirk’s practice focuses on legal issues related to all aspects of the employment cycle, from hiring through termination and severance. Substantially experienced in both benefits and employment law, Kirk is well positioned to help clients respond to the opportunities, vulnerabilities and benefit ramifications of particular employment decisions.
Kirk’s focus includes: Developing and maintaining effective compliance strategies related to defined benefit plans, defined contribution plans, executive compensation and welfare benefit plans, Counseling clients on Affordable Care Act (ACA), COBRA, and Health Insurance Portability and Accountability Act (HIPAA) compliance, Advising clients on Family and Medical Leave Act (FMLA) and disability compliance, Helping clients maintain tax-qualified plan status, Representing clients in workplace issues involving workplace discrimination, return to work and accommodation, Advising clients on ERISA withdrawal liability.
Mike joined Hausmann-Johnson Insurance in 2018 and brings a wealth of employee benefits knowledge and experience to the team. He recognizes that employee benefits are often one of the top three expenses for a business, but benefits also directly impact employees’ everyday lives. From his point of view, the world of insurance has become seen as insensitive to the needs of employees and their families. To combat this, he aims to create a win-win situation for employees and employers.
Mike knows that the best problem he can solve is one he can identify proactively and transparently. By looking 2-3 years out and addressing any type of cost or compliance concerns head on, he is able to help his clients and their employees achieve their goals. He works to build repeatable processes that address his clients’ benefit costs, compliance, and communications.
Besides employee benefits, one thing Mike can’t stop talking about is his family. He enjoys cooking weekend breakfasts for his wife, Shannon, and their two children, Cade and Atalie. He also enjoys fishing, hunting, and golfing in the great outdoors, and is a big Wisconsin sports fan. “Wisconsinite” describes Mike to a tee.
Mike is proud to be recognized as a member of the In Business Magazine “40 under 40.” He gives back to the community, through his role as Vice President of Membership for the Greater Madison Area Society for Human Resource Management, while also participating on the Advisory Board for Wisconsin Recruiters.