Course: Selected Tax & Other Provisions of the 2010 Helath Care Act

Author: Danny C. Santucci

Course ID: TXHCADCS

 CPE Hours: 2

Format: PDF

Price: $18.75

 Delivery: Internet/Interactive

Course Description:
The Patient Protection and Affordable Care and the Health Care and Education Reconciliation Acts of 2010 represent the most sweeping and controversial public health care program since the creation of Medicare. Overhauling a healthcare industry that accounts for over one sixth of the national economy while adding coverage for 32 million Americans, these Acts make extensive use of the Internal Revenue Code to reform health insurance. In fact, they contain more than $400 billion in revenue raisers and new taxes. This course overviews these major tax law changes and their affect on individuals, businesses, and healthcare providers.

NASBA Category: Taxation

Learning Objectives

After reading the materials, participants will be able to:

• Summarize the structural provisions of the Patient Protection and Affordable Care Act (PPAC) as they relate to essential health benefits and levels of coverage and explain how the responsibility requirement to maintain minimum essential coverage under PPAC impacts individuals and who would be exempt from these requirements;
• Explain how the provisions of PPAC affect individuals by:

a. Distinguishing between the types of premium assistance subsidies and credits available to individuals; and

b. Outlining the tax consequences of PPAC for individuals as relates to itemized deductions, the hospital insurance tax, withdrawal penalties from HSAs, and loan repayment tax relief for health professionals.

• Explain how the provisions of PPAC affect businesses by:

a. Describing the requirements informing employer mandates and the resulting penalties associated with failure to provide adequate coverage;

b. Identifying the various fees and taxes imposed under PPAC and the credits and subsidies available to help small businesses pay for health insurance; and

c. Prioritizing the application of the major provisions of PPAC for affected taxpayers by summarizing the implementation timetable.

Level:Overview
Overview-This program is appropriate for professionals at all organizational levels

Prerequisites:None

Updated/Revised: April 2011