Affordable Care Act: Tax and Insurance Ramifications
Description
The Health Care Reform Act continues to be phased in this year and in
future years. This seminar will help you better understand the impact of
the Act so you can describe to your clients how health care and paying
for coverage will change in the future. In addition, you’ll discover how
to use this information for tax planning opportunities. This topic is
constantly changing so make sure you’re up-to-date on the latest
information.
Learning Objectives
When you complete this course you will be able to:Recall key points related to tax ramifications associated with implementation of the Act.
Identify penalties that apply to individuals and businesses.
Recall tax changes that recently went into effect.
Recall how to assist clients with tax planning under the Health Care Reform Act.
Major Topics
Individual Shared Responsibility Payments and Premium Tax Credits
Employer Shared-Responsibility Payments
IRS Employer and Insurer Reporting Requirements
Small Business Tax Credit, SHOP Exchange, and Other ACA Tax Changes Impacting Individuals