Healthcare Reform: The Affordable Care Act Tax Provisions (Updated - 3)

The landmark legislation known as the Patient Protection and Affordable Care Act (PPACA), signed into law in 2010, is likely to affect virtually every person and institution in the United States in some way. It imposes healthcare-related requirements on health plans, health insurers, employers and individuals.

In addition to imposing various tax increases to increase revenue, the PPACA uses a carrot and stick approach to ensure compliance with its provisions, offering tax credits for compliance and imposing tax penalties for non-compliance. This course will review the principal provisions of the law and will examine its tax impact on individuals and businesses.

In so doing, it will consider the:

  • Coverage-related provisions of the PPACA addressing:
    • Plan grandfathering pursuant to which health coverage in force at the time of the law's passage may be continued,
    • The prohibition of pre-existing condition exclusions;
    • The proscription of lifetime and annual benefit limits;
    • The limitation of health coverage rescissions;
    • The requirement for certain patient protections;
    • The general requirement for universal health care coverage; and
    • The requirement that plans covering children extend child coverage until age 26.
  • Tax credits available to small businesses to encourage them to sponsor employee health plans.
  • Shared responsibility for certain large employers to provide employee health coverage and the tax penalties imposed for noncompliance.
  • Various personal income tax changes affecting taxpayers.
  • Tax credits and tax penalties authorized to help enforce the PPACA requirement that individuals maintain minimum essential coverage.

Learning Objectives:

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

  • Select the principal healthcare provisions of the PPACA.
  • Identify the tax credits for which small businesses may be eligible when sponsoring employee health plans.
  • Recognize the shared responsibility requirements for applicable employers regarding employee health coverage.
  • Compute the tax penalties imposed under the PPACA for an employer's failure to meet the applicable shared responsibility requirements.
  • Calculate the tax credits and tax penalties designed to help ensure that individuals meet the requirement to maintain minimum essential coverage.

Prerequisites/Advanced Preparation:


Speaker / Author:

Paul J. Winn CLU ChFC

B.A. (Philosophy), St. John's University (1961 – 1964) Law School, University of Virginia (1964 – 1965) MBA program Binghamton University (1986-1989)
CLU (1985)
ChFC (1987)

Thirty years in the life insurance and investment industry (1965 – 1995). Nineteen years as a financial writer, editor and trainer (1995 – 2014).

Mutual Life Insurance Company of New York
Product developer
Compensation officer
Sales manager

Security Mutual Life Insurance Company
General agent
Marketing vice president
Agency vice president
Vice president - strategic planning officer

Principal Financial Group
Agency Manager

Maryland Financial Corporation

Freelance Writer & Editor
Published book author.
Writer & editor of major mutual life insurance company’s agent training university. Creator of more than 200 insurance, securities and tax training courses in online, print and scripted classroom formats.

Insurance Industry Involvement
Member, Board of Directors, Baltimore Chapter of CLU & ChFC
Chairman of Continuing Education, Baltimore Chapter of CLU & ChFC
Moderator, GAMA Agency Managers Training Course (AMTC) Baltimore
Member, Board of Directors, Southern Tier (NY) Chapter of CLU & ChFC
President, Southern Tier (NY) Chapter of CLU & ChFC 1987-1989
Member/Secretary, Advisory Board to New York State Insurance Department 1985-1989

Price (USD)

Standard: $99.80


Course Code : 99WIN04-v4

Length : 3hr 20min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

Theme : Miscellaneous

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