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Selected Tax and Other Provisions of the 2010 Health Care Act - Mini Course (Course Id 299)

Updated / QAS / Registry / EA
Author : Danny C Santucci, JD
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $17.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 299

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 their affect on individuals, businesses, and healthcare providers.

Usage Rank : 0
Release : 2017
Version : 999
Prerequisites : General understanding of federal income taxation.
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 : 26-Aug-2017
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 - 299

Keywords : Taxes, Selected, Tax, Other, Provisions, 2010, Health, Care, Act, Mini, Course, cpe, cpa, online course
Learning Objectives :

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

    At the start of the materials, participants should identify the following topics for study:
      * Structural provisions of PPAC
      * Individual mandates for health coverage and penalties
      * Premium assistance credits and subsidies
      * Business provisions of PPAC
      * Taxes, fees and credits related to PPAC
      * Timetable for the enactment of PPAC
Learning Objectives:
    After reading the materials, participants will 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.
Course Contents :

Chapter 1 - Selected Tax and Other Provisions of the 2010 Health Care Act



Structural Provisions

Existing Insurance

Grandfathered Plans



American Health Benefit Exchanges

Qualified Health Plan

Essential Health Benefits

Catastrophic-Only Plan

Insurance Cooperatives

State Flexibility

Changes to Public Programs


Medicare Advantage (Part C)

Medicare Prescription Drug Plan (Part D)

Linking Payment to Quality Outcomes in Medicare

Development of New Patient Care Models

Medicaid Expansion

Children’s Health Insurance Program (CHIP)

Simplifying Enrollment

Dual Eligible Coverage and Payment Coordination

Individual Provisions

Individual Mandate & Penalties - §5000A


Minimum Essential Coverage


Penalty Exemptions

Grandfathered Plans Exception

Refundable Premium Assistance Tax Credit - §36B


Failure to Pay Remaining Premium

Eligibility & Federal Poverty Level (FPL)

Initial Income Base

Income Defined

Sliding Scale Credit



Adult Dependents - §§162(l)(1) & 105(b)

Itemized Deduction for Medical Expenses - §213(a)

Medicare Prescription Drug “Donut Hole” Rebate

Hospital Insurance (HI) Tax

Increased Percentage - §164(f)

Expanded to Investment Income - §1411

HSAs & Archer MSAs - §220

Drugs & Medications

Increased Withdrawal Penalty

Health Professionals Loan Repayment Tax Relief - §108(f)(4)

Disclosure of Tax Return Information - §6103

Business Provisions

Below 50 Employees: Small Employer Options & Obligations

50 or More Employees: Applicable Large Employer (ALE)

Employer (Shared Responsibly) Mandate & Penalty - §4980H

Automatic Enrollment & Notice

Employer Reporting of Coverage - §6056

Postponement of Employer Reporting until 2015

Final Regulations

Insurer Reporting Requirements - §6055

Summary of Benefits

Small Business Health Insurance Expense Tax Credit - §45R

Tax on High-Cost Employer Plans - §4980I

Fees on Insured & Self-Insured Health Plans - §4375

Inclusion of Health Coverage on W-2 - §6051

Cafeteria Plans - §125

Eligible Benefit - §125(f)

FSAs -§125(i) thru (k)

Simple Cafeteria Plans for Small Businesses - §125(j) thru (l)

No Deduction for Medicare Part D Expenses - §139A

Excise Tax on Tanning Services - §5000B

Annual Fee on Health Insurance Providers

Remuneration Paid by Health Insurance Providers - §163(m)(6)

Excise Tax on Medical Devices - §4191

Pharmaceutical Manufacturer & Importer Annual Fee

Therapeutic Discovery Project Credit - §48D

Free Choice Vouchers - §§139A, 162(a), & 6056,

Miscellaneous Provisions

Adoption Tax Credit & Assistance - §§23 & 137

Form 1099 for Payments to Corporations - §6041(h)

Clarification of the Economic Substance Doctrine - §7701(o)

Corporate Estimated Taxes.

Original Time Table of Selected Provisions











Taxes Course 299 Home: https://www.cpethink.com/tax-cpa-courses
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