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Secure Transaction Tax Treatment of Sickness and Injury Plans
Format
Self-Study
Course Level
Overview
CPE Credits
3 Credits: 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 course, you will be able to:
Chapter 1
- 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.
Chapter 2
- 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.
Chapter 3
- 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 Specifics
SS823322636
February 8, 2024
There are no prerequisites.
None
76
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02447-24-S
IRS Federal Tax Law Credits: 3
CTEC Course Number: 2071-CE-1885
CTEC Federal Tax Law Credits: 3
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Paul J. Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
QAS Self-Study
