Study Guide- Sickness & Injury
The study guide is provided to guide you through the course material in a step by step format.
Course material is a PDF document.
Chapter 1 – Health Insurance
Assignment: Chapter 1 <<>> Review Questions Chapter #1: # 1-5
When you have completed this chapter, you should be able to:
- Identify the tax treatment of personally-owned health insurance premiums and benefits;
- Compare the tax treatment of personally-owned health insurance premiums paid by self-employed taxpayers and taxpayers who are not self-employed; and
- Apply the rules governing the tax treatment of employer-paid health insurance premiums and benefits.
Chapter 2 – Tax-Favored Health Plans
Assignment: Chapter 2 <<>> Review Questions Chapter #2: #1-5
Upon completion of this chapter, you should be able to:
- Identify the tax treatment given to –
- Archer Medical Savings Accounts,
- Health Savings Accounts, and
- Health Reimbursement Arrangements; and
- Calculate the contributions that may be made to –
- Archer Medical Savings Accounts, and
- Health Savings Accounts.
Chapter 3 – Disability and Long Term Care Insurance Coverage
Assignment: Chapter 3 <<>> Review Questions Chapter #3: #1-5
When you have completed this chapter, you should be able to:
- Compare the tax treatment of premiums for and benefits paid under individually-paid and employer-paid disability income policies;
- Identify the tax treatment of premiums for and benefits paid under various business-related disability policies; and
- Apply the tax rules to long term care premiums and benefits.
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