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You are here: Home Course materials CPE course study guides Study Guide-ACA-Individual

Study Guide-ACA-Individual

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 – Overview of PPACA Provisions Affecting Individuals

Assignment: Chapter 1 <<>> Review Questions  Group #1: # 1-5

When you have completed this chapter, you should be able to:

  • Identify the rules applicable to – 
    • Grandfathered health plans,
    • The use of pre-existing condition exclusions, and
    • Annual and lifetime benefit limits;
  • List the conditions that would permit an insurer to rescind health insurance coverage; and
  • Recognize the requirements imposed by healthcare reform legislation with respect to –
    • Patient protection provisions,
    • The individual’s requirement to maintain minimum essential coverage, and
    • Dependent coverage for young adults.

Chapter 2 – PPACA Mandated Personal Tax Changes

Assignment: Chapter 2 <<>> Review Questions Group #2: #1-5

When you have completed this chapter, you should be able to:

  • Identify the changes made by the PPACA related to – 
    • The treatment of costs for over-the-counter drugs and medical expense FSA contributions,
    • The tax penalty for nonqualified Archer MSA and HSA distributions,
    • Medical expense deductions,
    • The additional taxation on the earnings of high-income taxpayers,
    • The additional tax on high-income taxpayers’ net investment income, and
    • The additional tax on estate’s and non-grantor trust’s undistributed net investment income;
  • Recognize the tax penalties generally applicable to individuals who fail to maintain minimum essential coverage; and
  • Calculate the amount of the premium assistance tax credit available to taxpayers whose household income is less than 400% of the federal poverty line.

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