Tax Treatment of Sickness and Injury Plans

Overview

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.

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.

Learning Objectives

Upon completion of this course, you should be able to:

  • 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

Prerequisites

Familiarity with HSAs, MSAs, and HRAs

Advanced Preparation

None

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.

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