Proposed Regulations On Individual Shared Responsibility Requirement

The IRS releases proposed regulations on minimum essential coverage requirement and the individual shared responsibility payment requirements.

Document Excerpt

This document contains proposed regulations relating to the requirement to maintain minimum essential coverage enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the TRICARE Affirmation Act and Public Law 111-173. These proposed regulations affect individual taxpayers who may be liable for the shared responsibility payment for not maintaining minimum essential coverage. This document also provides notice of a public hearing on these proposed regulations.

Link https://www.federalregister.gov/articles/2014/01/27/2014-01439/minimum-essential-coverage-and-other-rules-regarding-the-shared-responsibility-payment-for

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