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Course Details

Affordable Care Act - Employer Rights and Responsibilities (Course Id 869)

Updated / QAS / Registry / EA   Add to Cart 
Author : Paul Winn, CLU, ChFC
Status : Production
CPE Credits : 3.0
IRS Credits : 3
Price : $26.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 869

Description :

The Patient Protection and Affordable Care Act (PPACA) has brought about the most significant change in healthcare since the passage of the 1965 legislation that authorized Medicare. It imposes healthcare-related requirements on health plans, health insurers, employers and individuals.

Eligible small employers may receive tax credits for providing health insurance coverage to their employees, and large employers may find themselves subject to tax penalties for failing to provide such employee coverage. This course will review the principal coverage provisions of the law and will examine its tax impact on employers.

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 16-May-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 869

Keywords : Taxes, Affordable, Care, Act, Employer, Rights, Responsibilities, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you should be able to:
  • List the principal coverage provisions of the PPACA;
  • Recognize the shared responsibility requirements for applicable employers with respect to employee health coverage;
  • Compute the potential tax penalties that may be imposed under the PPACA for an employers failure to meet the applicable shared responsibility requirements; and
  • Calculate the tax credits for which a small employer may be eligible for providing employee health insurance coverage.

Chapter 1
Overview of PPACA Coverage Provisions

When you have completed this chapter, you should be able to:
  • Identify the rules applicable to
      o grandfathered health plans,
      o the use of pre-existing condition exclusions, and
      o annual and lifetime benefit limits;
  • List the conditions that would permit an insurer to rescind health insurance coverage; and
  • Recognize the requirements imposed by healthcare reform legislation with respect to
      o patient protection provisions, and
      o dependent coverage to young adults.

Chapter 2
Employer Credits & Requirements

When you have completed this chapter, you should be able to:
  • Identify the
      o W-2 reporting requirements imposed on employers providing employer-sponsored health coverage, and
      o transition relief provided concerning 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
      o rules that apply to a small employers eligibility for a health insurance premium credit, and
      o 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 that may be imposed on large employers under the PPACA; and
  • Identify the
      o transition relief available to applicable large employers, and
      o annual return and notification requirements imposed by the PPACA on applicable large employers.
Course Contents :


Learning Objectives

Chapter 1 Overview of PPACA Provisions Affecting Individuals


Chapter Learning Objectives

Grandfathered Health Plans

Losing Grandfathered Status

Disclosure Requirements

Documentation Requirements

Actions Resulting in Loss of Grandfathered Status

Eliminating Benefits

Increasing Participants Cost-Sharing Requirement

Increasing a Fixed-Amount Copayment

Annual Benefit Limits Permitted under Grandfathered Individual Health Plans

Pre-Existing Condition Exclusions Prohibited

Two Criteria Present in Pre-Existing Condition Exclusion

Benefit Limits Generally Prohibited

Benefit Limit Prohibition Applicable only to Essential Health Benefits

Contract Rescission Limited

Patient Protections

Requirement to Maintain Minimum Essential Coverage

Minimum Essential Coverage

Catastrophic Plan

Exemptions from Individual Mandate and Penalty

Hardship Exemption

Adult Children Coverage

Eligibility for Extended Dependent Coverage


Chapter Review

Chapter 2 PPACA-Mandated Personal Tax Changes


Chapter Learning Objectives

Tax-Favored Health Plans

Over-the-Counter Drug Costs

Nonqualified Distributions from Archer MSAs and HSAs

FSA Contributions Limited

Unreimbursed Medical Expense Deduction Threshold Increased

Social Security Taxes

HI Component Increased for High Earners

3.8% Additional Tax on Net Investment Income for Higher-Income Taxpayers

Estates and Trusts

Individual Requirement to Maintain Health Coverage

Penalty for Failure to Maintain Health Coverage

Penalty Examples

Refundable Tax Credits to Assist in Purchase of Qualified Health Plan

Eligibility for Credit

Federal Poverty Level

Qualified Health Plan

Amount of the Credit

Benchmark Plan

Taxpayers Expected Contribution

Household Income

Modified Adjusted Gross Income

Calculating the Credit

Adjusted Monthly Premium

Special Rules Applicable to the Tax Credit

Reconciling Advance Premium Tax Credits

Additional Tax Limitation


Chapter Review


CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
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