Healthcare Reform: The Affordable Care Act Tax Provisions ON DEMAND

Overview

The Patient Protection and Affordable Care Act (PPACA) affects a wide range of institutions in the United States in some way. It imposes healthcare-related requirements on health plans, health insurers and employers. In addition to imposing various tax increases to increase revenue, the PPACA uses a carrot and stick approach to ensure compliance with its provisions, offering tax credits for compliance and imposing tax penalties for non-compliance. This course will review the principal provisions of the law and will examine its tax impact on individuals and businesses.

Highlights

PPACA provisions. Personal tax changes. Employer tax changes.

Prerequisites

None.

Designed For

CPAs, EAs, and other tax return preparers.

Objectives

Identify the rules applicable to grandfathered health plans, the use of pre-existing condition exclusions, and annual and lifetime benefit limits. List the conditions that would permit an insurer to rescind health insurance coverage and the applicable notice requirements. Recognize the requirements imposed by healthcare reform legislation with respect to patient protection provisions and dependent coverage to young adults. Identify the changes made by the PPACA related to the treatment of costs for over-the-counter drugs and medical expense FSA contributions, and more.

Preparation

None.

Notice

None.