Understanding HSAs, FSAs, HRAs & MSAs: Tax Strategies for Health Expenses
Author: Spidell Publishing, LLC
Electronic version only
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 (HSAs), this course also covers: 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.
With this two-hour course, you will:
- Get a 27-page PDF document
- 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)
- Identify the tax rules, eligibility, benefits, and disadvantages of Health Reimbursement Arrangements (HRAs)
| Designation | CPE Hours |
|---|---|
| CPA | 2 Taxes |
| EA | 2 Federal Tax |
| CRTP (CTEC) | 2 Federal Tax |
| Attorney | 1.5 General MCLE/Tax Specialization |
Course level: Basic
A familiarization with health savings accounts.
Want to order by phone? Call us at: (800) 277-2257
This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury’s Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. Spidell Publishing, LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.
Spidell Publishing, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 2 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. General understanding of federal income taxation is required.
