Continue in 2 seconds

NAHU: Individual mandate regs signal ‘great opportunity’ for brokers

By
  • Gillian Roberts
Published
  • January 31 2013, 11:02am EST

The Internal Revenue Service and Department of Health and Human Services released new regulations Wednesday for the individual mandate portion of the Patient Protection and Affordable Care Act. The proposed regulations shed new light on the process the IRS and HHS will take in determining which individuals are subject to the mandate or whether they’re exempt, and whether their insurance coverage is sufficient.

HHS expects only 2% of taxpayers to pay the fine to the IRS for not having insurance. Some of the exemptions to the mandate include those who have Medicare Advantage and those who would have been eligible for Medicaid under the PPACA expansion plan. The fine for not having coverage in 2014 will be $95, and it will increase to $695 by 2016.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access

Comments