The landmark legislation known as the Patient Protection and Affordable Care Act (PPACA), signed into law in 2010, 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.
Course Publication Date:
May 07, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$40.00!
| Author: | Paul Winn |
| Course No: | TAX-ACAPROV-3065 |
| Recommended CPE: | 5.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
- Identify the rules applicable to grandfathered health plans.
- Identify the rules applicable to the use of pre-existing condition exclusions.
- Identify the rules applicable to 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.
- Recognize the requirements imposed by healthcare reform legislation with respect to 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.
- Identify the changes made by the PPACA related to the tax penalty for nonqualified Archer MSA and HSA distributions.
- Identify the changes made by the PPACA related to medical expense deductions.
- Identify the changes made by the PPACA related to the additional taxation on the earnings of high-income taxpayers.
- Identify the changes made by the PPACA related to the additional tax on high-income taxpayers’ net investment income.
- Identify the changes made by the PPACA related to the additional tax on estate’s and non-grantor trust’s undistributed net investment income.
- Calculate the amount of the premium assistance tax credit available to taxpayers whose household income is less than 400% of the federal poverty line.
- Identify the W-2 reporting requirements imposed on employers providing employer-sponsored health coverage.
- Identify the transition relief provided applicable to W-2 reporting.
- Define “full-time employee” and “full-time equivalent employee” for purposes of employer tax credits and penalties under the PPACA.
- Recognize the rules that apply to a small employer’s eligibility for a health insurance premium credit.
- Recognize the nature of a “qualifying arrangement” under which an employer pays premiums for employee health insurance coverage.
- Identify the types of coverage that meet the PPACA definition of health insurance coverage for purposes of the small employer health insurance premium credit.
- Apply the various limitations that may reduce the amount of health insurance premium credit available to an otherwise eligible small employer.
- Calculate the potential penalties applicable to large employers under the PPACA.
- Identify the transition relief available to applicable large employers.
- Identify the annual return and notification requirements imposed by the PPACA on applicable large employers.