What Tax Practitioners Need to Know About Medicare

Overview

Tax advisors often receive questions concerning all facets of Medicare. How does Medicare work? How do I apply? How much does it cost? Is Medicare optional or required? This program provides a basic introduction to the Medicare program and covers many of the areas of the Medicare program that clients are most interested in. If you, or some of your clients, have questions relating to Medicare, this program is a must for you.

Objectives

Understand who is eligible for Medicare

Determine whether an individual will have to pay a surtax for Medicare Part B and Part D coverage

Ascertain whether private or spousal insurance options are preferable to Medicare

Highlights

Eligibility for Medicare

How to apply for Medicare

Introduction to Parts A, B, C, and D of Medicare

Payments for Parts B and D of Medicare: the higher costs imposed on higher income beneficiaries

Late enrollment penalties

Medicare Advantage in lieu of original Medicare

The Affordable Care Act's impact on Medicare

Legislative and regulatory developments

Designed For

Tax practitioners who currently advise or who anticipate advising clients with respect to Medicare enrollment and/or Medicare coverage issues

Prerequisites

An understanding of the tax rules relating to individual income tax

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Douglas Stives

Leader Bios

Douglas Stives

Douglas P. Stives, CPA, PFS Monmouth University / West Long Branch, NJ Douglas (Doug) Stives, CPA, MBA, is a full-time professor of accounting at Monmouth University in West Long Branch, New Jersey, where he started in 2006. Doug was honored as the Outstanding Business Professor of the Year in 2009 and 2016. He graduated from Lehigh University with a BS in 1968 and an MBA in 1969. Doug started his career at PricewaterhouseCoopers in 1969 and later joined a small CPA firm that became The Curchin Group, located in Red Bank, New Jersey, where he was a partner for 34 years and continues as a consultant. In 1989 and 1990, Doug was the youngest president of the New Jersey Society of CPAs. He served the AICPA as a representative to Council, a member of the Tax Division Executive Committee, and chair of several committees. Doug is a frequent speaker for many state CPA societies. He’s been quoted in the New York Times, Wall Street Journal, Forbes, and other national publications, and he has appeared on CNN, CNBC, PBS, and the three major networks. Doug remains active with his college fraternity, the Kappa Alpha Society, where he served as national president for several years. He also served on many charity boards and was chairman of the Community YMCA in Red Bank, New Jersey.

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