The Patient Protection and Affordable Care Act (PPACA) has brought about the most significant change in healthcare since the passage of the 1965 legislation that authorized Medicare. It imposes healthcare-related requirements on health plans, health insurers and employers.
Eligible small employers may receive tax credits for providing health insurance coverage to their employees, and large employers may find themselves subject to tax penalties for failing to provide such employee coverage. This course will review the principal coverage provisions of the law and will examine its tax impact on employers.
Learning Objectives
After completing this course, you will be able to:
List the principal coverage provisions of the PPACA;
Recognize the shared responsibility requirements for applicable employers with respect to employee health coverage;
Compute the potential tax penalties that may be imposed under the PPACA for an employer's failure to meet the applicable shared responsibility requirements; and
Calculate the tax credits for which a small employer may be eligible for providing employee health insurance coverage.
Major Topics
Overview of PPACA Coverage Provisions
Grandfathered Health Plans
Benefit Limits Prohibited
Large Employer Requirement to Provide Health Coverage
Employer Dredits and requirements
Form W-2 Reporting of Employer-Sponsered Health Coverage
Small Employer Health Insurance Premium Credit
