Course Information

Course No:  9511722

Course Name:  Tax Treatment of Sickness and Injury Plans

Field of Study:    Taxes

Course Description:  

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.

Learning objectives: After completing this section, you should be able to:

  • Identify the tax treatment of personally-owned health insurance premiums and benefits;
  • Compare the tax treatment of personally-owned health insurance premiums paid by self-employed taxpayers and taxpayers who are not self-employed; and
  • Apply the rules governing the tax treatment of employer-paid health insurance premiums and benefits.
  • Identify the tax treatment given to - Archer Medical Savings Accounts, Health Savings Accounts, and Health Reimbursement Arrangements; and
  • Calculate the contributions that may be made to – Archer Medical Savings Accounts, and Health Savings Accounts.
  • Compare the tax treatment of premiums for and benefits paid under individually-paid and employer-paid disability income policies;
  • Identify the tax treatment of premiums for and benefits paid under various business-related disability policies; and
  • Apply the tax rules to long term care premiums and benefits.

Course Material: Online Material

Program level: Overview

Prerequisites: General understanding of federal income taxation.

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   3.0

Final examination expiration date:   The program participant will have one year from the date of purchase to complete the course and final examination.