Medical and Health Savings Plans

Exam Questions: 20
Course Level: Basic
Pages: 140 | Content: 100, Supplemental: 40
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 5680P

Several federal programs have been designed to provide relief from the rising health care costs. This course takes a look at several tax-advantage plans that allow individuals to put money away tax-free to help pay for health care costs that insurance does not cover, including deductibles and other out-of-pocket expenses. The course covers Archer medical savings accounts (MSAs), health savings accounts (HSAs), health flexible spending arrangements (FSAs), and health reimbursement arrangements (HRAs). All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00458-22-S

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Course Information

Table of Contents
  • Introduction
  • Overview of Medical Expenses and Taxes
  • Health Savings Accounts
  • Medical Savings Accounts
  • Flexible Spending Arrangements
  • Health Reimbursement Arrangements
  • To identify features of various health plans designed to provide relief from rising health costs
  • To recognize some of the requirements for tax deductibility of medical expenses
  • To recall the rules related to a health savings account
  • To recognize the features of an Archer MSA
  • To recall the features of a flexible spending arrangement
  • To recall the features of a health reimbursement arrangement

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