The Internal Revenue Service is asking for comments on a draft of the instructions for paying a new Patient Protection and Affordable Care Act tax.

The draft instructions, for IRS Form 8963, are supposed to help U.S. health insurance providers pay the annual fee on health insurance providers required by Section 9010 of PPACA. PPACA Section 9010 requires health insurance providers, or "covered entities," to pay a total of $8 billion for the 2014 "data year" and $11.3 billion for the 2015 data year.

PPACA drafters created the fee to help pay for the cost of implementing PPACA, and because of drafters' desire to keep the new individual health insurance ownership mandate from creating a windfall for private health insurers.

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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.