Tax Treatment of Sickness and Injury Plans

Study Level:  Intermediate
Delivery Method:  Self-study online
Provider of Record: WebCE
Tax Year: 2018
Field of Study:
Prerequisites: Students taking this course should be familiar with the general principles governing:
  • Health Savings Accounts (HSA)
  • Medical Savings Accounts (MSA)
  • Health Reimbursement Arrangements (HRA)

Course Description:
Health insurance is so central to the health and well-being of people that it may be hard for many Americans to believe it could ever have been a less important factor in helping to promote good health than it is today. In fact, 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. 

Learning Objectives:
After completing this course, students will be able to:
  • identify the tax treatment of premiums for and benefits from health insurance policies
  • recognize the rules governing health savings accounts and Archer medical savings accounts, including their requirements and limits relative to:
    • eligibility
    • contributions
    • distributions
    • transfers
    • rollovers
  • recognize the tax treatment of health reimbursement accounts
  • identify the tax treatment of employer-paid and individually paid disability income insurance policies
  • recognize the tax treatment of business-related disability coverage, including:
    • disability overhead expense policies
    • disability buyout policies
    • key person disability policies
  • recognize the tax treatment of long-term care insurance

Revised: Jan. 2018

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