Tax Treatment of Sickness and Injury Plans
Field of Study:
Health insurance is so central to the health and well-being of people that it may be hard for many Americans to believe it could ever have been a less important factor in helping to promote good health than it is today. In fact, health insurance as it is recognized today is a relatively recent development.
Since the early development of health insurance coverage, many changes have occurred in the manner in which health care services are delivered and paid for. Among those changes is the emergence of various tax-favored health plans. This course will examine many of those tax-favored health plans.
After completing this course you will be able to:
- Identify the tax treatment of premiums for and benefits from health insurance policies;
- Apply the rules governing health savings accounts and Archer medical savings accounts;
- Recognize the tax treatment of health reimbursement accounts;
- Compare the tax treatment of employer-paid and individually-paid disability income insurance policies;
- Apply the tax rules governing business-related disability coverage; and
- Identify the tax treatment of long term care insurance.
General understanding of federal income taxation.
Type of delivery method:
Recommended CPE credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org