The IRS released final regulations on the Sec. 5000A shared-responsibility payment—the penalty or tax imposed on individual taxpayers who do not obtain minimum essential health care coverage beginning in 2014.
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Affordable Care Act (ACA)
Government Shutdown, Debt Ceiling Deal Includes One Tax Provision
Wednesday’s deal to fund the federal government through Jan. 15 and to extend the federal government’s borrowing authority through Feb. 7 in the end contained only one tax provision, making a minor change to 2010’s health care legislation.
Orthodontist Sues to Reinstate Employer Mandate in Health Care Law
An orthodontics practice in Florida filed suit to force the federal government to reinstate the original effective date of the Sec. 4980H shared-responsibility penalty that was passed as part of the Patient Protection and Affordable Care Act.
Preventive Health Services With No Deductible Qualify as High-Deductible Health Plans
The IRS issued a notice clarifying that preventive health services that are provided without a deductible under a health insurance plan will not disqualify a high-deductible health plan.
Health Coverage Information Reporting Requirements Guidance Issued
The IRS provided guidance to providers of minimum essential health coverage that are subject to the information-reporting requirements of Sec. 6055 to employers subject to the information-reporting requirements of Sec. 6056.
IRS Postpones Large-Employer Health Care Penalty and Information-Reporting Requirements
The IRS announced a one-year postponement of the large-employer health care penalty and certain information-reporting rules that were enacted as part of 2010’s health care reform legislation.
Guidance on Minimum Essential Health Coverage, Individual Mandate Issued
The IRS issued two notices defining minimum essential coverage for purposes of the Sec. 36B premium tax credit and providing relief from the shared-responsibility penalty under Sec. 5000A for individuals who are eligible for coverage in plans that are not on a calendar year.
Final Rules Issued on Individual Health Care Mandate
The IRS released final regulations on the penalty or tax imposed on individual taxpayers who do not obtain minimum essential health care coverage beginning in 2014.
Proposed Small Employers’ Health Insurance Premium Tax Credit Rules Issued
The IRS issued proposed regulations governing the Sec. 45R credit for small employers that offer health insurance coverage for employees.
Final Rules Issued on IRS Disclosure of Tax Return Information Under Health Care Law
The IRS issued final regulations about how it will release certain tax return information to the Department of Health and Human Services, as required by 2010’s health care legislation.
Shared-Responsibility Payment: Minimum Value Requirement
To avoid substantial penalties, large employers must provide their employees an opportunity to enroll in minimum essential health care coverage that is affordable and provides minimum value.
Health Care Reform and Its Impact in 2014 for Oil and Gas Companies
Oil and gas companies need to be prepared for several provisions of PPACA that go into effect in 2014; the nature of the industry raises some special concerns for oil and gas employers.
IRS Provides Details About Postponed Employer Health Care Penalty and Information Reporting
The IRS made official the postponement of the large-employer health care penalty and certain information reporting rules that had been informally announced July 2.
Treasury Postpones Employer Health Care Penalty, Information Reporting for One Year
Large employers who fail to provide minimum health coverage for employees will not be subject to the shared-responsibility penalty until 2015 after Treasury announced that it would delay certain provisions of 2010’s health care legislation.
IRS Issues HSA Inflation Adjustments for 2014
The IRS issued the inflation-adjusted figures for the annual contribution limitation for HSAs and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans for calendar year 2014.
Proposed Rules Address Minimum Value of Health Coverage for Premium Tax Credits
The IRS issued proposed regulations for determining whether an eligible employer-sponsored health plan provides minimum value for purposes of the Sec. 36B health insurance premium tax credit.
IRS Issues Guidance on Minimum Essential Health Coverage, Shared-Responsibility Penalty
The IRS issued two notices defining minimum essential coverage for purposes of the Sec. 36B premium tax credit and providing relief from the shared-responsibility penalty under Sec. 5000A for individuals covered by non-calendar year plans.
HSA Inflation Adjustments Issued for 2014
The IRS issued the inflation-adjusted figures for the annual contribution limitation for HSAs and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans for calendar year 2014.
Prop. Regs. Clarify “Play or Pay” Rules of the Affordable Care Act
Early this year, the IRS issued proposed regulations clarifying the “employer shared responsibility” provisions of Sec. 4980H (informally known as the “play or pay” rules).
Proposed Rules Address Minimum Value of Health Coverage for Premium Tax Credits
The IRS issued proposed regulations for determining whether an eligible employer-sponsored health plan provides minimum value for purposes of the Sec. 36B health insurance premium tax credit.
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