The Patient Protection and Affordable Care Act(PPAC) is one of the most critical pieces of legislation that we have seen in many years. As we have just seen, the Supreme Court has now ruled on its merits and fundamental purpose. This class will help highlight this decision as well as the minimum essential coverage under PPAC and how the recent changes will affect your clients.
This course will discuss its requirements and provisions as well as explain how the provisions of PPAC affect individuals by distinguishing between the types of premium assistance subsidies and credits available to individuals. Along with outlining the new 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.Lastly, the course will review some of the provisions of PPAC that now affect businesses by updating you on the requirements that employers must provide and the penalties associated with failure to provide adequate coverage.
Who Should AttendCPAs making health insurance decisions for themselves and their companies. CPAs and other advisors seeking to guide clients in making informed health care decisions
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program PrerequisitesA basic understanding of the PPAC.