- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
This course provides an understanding of Health Savings Accounts (HSAs) and other related programs that are designed to provide tax advantages to offset health care costs. Although this course is entitled Benefits and Disadvantages of Health Savings Accounts, this course also covers: Health savings accounts (HSAs); Medical savings accounts (MSAs) including Archer (MSAs) and Medicare Advantage (MSAs); Health flexible spending arrangements (FSAs); and Health reimbursement arrangements (HRAs). This course covers the applicable tax rules, how an individual can be eligible for one of these programs and how to make contributions and receive distributions. This course also addresses the benefits and disadvantages of health savings accounts and the other programs covered in this course. Finally, this course covers how to report the contributions and distributions from HSAs and the other programs on a taxpayer's tax return.
This course is most beneficial to professionals new to health savings accounts who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.
Upon successful completion of this course, the user should be able to:
determine the tax rules, eligibility, benefits, and disadvantages of Health Savings Accounts (HSAs);
identify the tax rules, eligibility, benefits, and disadvantages of Medical Savings Accounts (MSAs);
recognize the tax rules, eligibility, benefits, and disadvantages of Flexible Spending Arrangements (FSAs); and
identify the tax rules, eligibility, benefits, and disadvantages of Health Reimbursement Arrangements (HRAs).