By Sally Schreiber
On Wednesday, the IRS released final regulations to implement
simplified reporting requirements under the Patient Protection and Affordable
Care Act, P.L. 111-148, which requires employers to report health care coverage
information under Secs. 6055 and 6056 starting in 2015 (T.D. 9660 and T.D. 9661).
Also Wednesday, the Department of Health and Human Services
(HHS) released several PPACA-related standards, including an additional two-year
grandfathering period for certain health plans in the small group and individual
health insurance markets that do not meet the act’s minimum coverage
requirements. The extension applies to policy years beginning on or before Oct.
1, 2016.
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