Proposed Rule on Information Reporting of Minimum Essential Coverage

The IRS has issued proposed guidance for those insurers and self-insured plans providing minimum essential coverage.

Document Excerpt

This document contains proposed regulations providing guidance to providers of minimum essential health coverage that are subject to the information reporting requirements of section 6055 of the Internal Revenue Code (Code), enacted by the Affordable Care Act. Health insurance issuers, certain employers, and others that provide minimum essential coverage to individuals must report to the IRS information about the type and period of coverage and furnish related statements to covered individuals.
 

 

Link http://www.ofr.gov/OFRUpload/OFRData/2013-21783_PI.pdf

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