Affordable Health Care Act: Tax Provisions (2 hrs)

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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 the effect on individuals, businesses, and healthcare providers.

Course Information

Price: $33

Course No. M040
Format: Online pdf (54 pages). Printed book available.
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2017


Upon completion of this course you should be able to:

1. Identify the structural provisions of the Patient Protection and Affordable Care Act (PPAC) as they relate to essential health benefits and levels of coverage and determine how the responsibility requirement to maintain minimum essential coverage under PPAC impacts individuals and who would be exempt from these requirements;
2. Recognize how the provisions of PPAC affect individuals by:
a. Citing the differences between the types of premium assistance subsidies and credits available to individuals; and
b. Determining 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.
3. Specify how the provisions of PPAC affect businesses by:
a. Citing the requirements of 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. Recognizing the application of the major provisions of PPAC for affected taxpayers by outlining the implementation timetable.

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