Officials at the Internal Revenue Service have been plowing ahead with efforts to set up the machinery needed to make the Patient Protection and Affordable Care Act (PPACA) health insurance exchange system work.
PPACA calls for the exchanges, or Web-based health insurance supermarkets, to offer premium tax credits for moderate-income consumers who cannot get affordable, high-quality coverage from their employers.
In "Information Reporting for Affordable Insurance Exchanges" (Reg-140789-12) (RIN 1545-BL42), a set of draft regulations, the IRS has proposed the regulations exchanges would use to report on consumer tax credit eligibility to the IRS and tell the consumers what information was flowing to the IRS.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
