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Proposed regulations: Health insurance premium tax credit

Health insurance premium tax credit

The Treasury Department and IRS today released for publication in the Federal Register a notice of proposed rulemaking (REG-109086-15) relating to the health insurance premium tax credit and the individual “shared responsibility” provision.


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The proposed regulations [PDF 304 KB] concern: (1) individuals who enroll in qualified health plans through “health insurance exchanges” (also called “marketplaces”) and claim the premium tax credit; and (2) exchanges that make qualified health plans available to individuals and employers.  As explained in the preamble, the proposed regulations affect individuals who are eligible for employer-sponsored health coverage and individuals who seek to claim an exemption from the individual shared responsibility provision because of unaffordable coverage. The preamble further states that while employers are not directly affected by rules governing the premium tax credit, the proposed regulations may indirectly affect employers through the employer shared responsibility provisions and the related information reporting provisions.

Comments and requests for a public hearing must be received by a date that is 60 days after July 8, 2016 (the date of scheduled publication in the Federal Register.

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