CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Tax Treatment of Sickness and Injury Plans

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 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

Upon successful completion of this course, participants 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
  • 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

Course ID
8182542
Revision Date
January 21, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01311-18-S
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1249
CTEC Federal Tax Update Credits: 2

Course Instructor

Paul J. Winn Headshot
Paul J. Winn CLU ChFC

Paul 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.

Tax Treatment of Sickness and Injury Plans

Expert Instructors
Format
CPE CREDITS
2 Credits: Taxes

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 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

Upon successful completion of this course, participants 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
  • 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

Course ID
8182542
Revision Date
January 21, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01311-18-S
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1249
CTEC Federal Tax Update Credits: 2

Course Instructor

Paul J. Winn Headshot
Paul J. Winn CLU ChFC

Paul 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.

Tax Treatment of Sickness and Injury Plans

Expert Instructors
Format
CPE CREDITS
2 Credits: Taxes

$58.00$78.00

Clear