Tax Treatment of Sickness and Injury Plans

Overview

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 addresses the tax treatment of plans designed to provide benefits upon the sickness or injury of a taxpayer. It examines the tax treatment of contributions to, and benefits received under, health insurance, health savings accounts (HSAs), Archer medical savings accounts (MSAs), health reimbursement arrangements (HRAs), disability insurance and long-term care insurance.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • Identify the tax treatment of premiums for and benefits from health insurance policies
  • Apply the rules governing health savings accounts and Archer medical savings accounts
  • Recognize the tax treatment of health reimbursement accounts
  • Compare the tax treatment of employer-paid and individually-paid disability income insurance policies
  • Apply the tax rules governing business-related disability coverage
  • Identify the tax treatment of long-term care insurance 

Tax Year: 2023-2024

Designed For:

CPAs, EAs, and other tax and financial professionals


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Prerequisites:
Familiarity with HSAs, MSAs, and HRAs
Advanced Preparation: None