IRS and HHS Issue Proposed Regulations on Individual Mandate
On January 30, 2013, the Internal Revenue Service (IRS) and the Department of Health and Human Services (HHS) issued two sets of proposed regulations related to the individual mandate provision of the Patient Protection and Affordable Care Act (PPACA).
The individual mandate requires most individuals to have minimum essential coverage or pay a penalty beginning in 2014. The penalty is now called a “shared responsibility payment.” Some individuals may qualify for an exemption so they will not be required to have coverage or pay a penalty.
The proposed regulations confirm the individual mandate requirements and outline the process for requesting an exemption. The proposed regulations cover:
What qualifies as minimum essential coverage
How penalties will be determined and paid
Who is exempt from paying the penalty
When individuals can apply for an exemption
ADDRESSES: To comment regarding Eligibility for Exemptions to HC Reform Mandate, please refer to file code CMS-9958-P. You may submit comments: (please choose only one of the ways listed):
1. Electronically. You may submit electronic comments on this regulation to regulations.gov Follow the “Submit a comment” instructions.
2. By regular mail. You may mail written comments to the following address ONLY:
Centers for Medicare & Medicaid Services,
Department of Health and Human Services,
P.O. Box 8010,
Baltimore, MD 21244-8010.
Please allow sufficient time for mailed comments to be received before the close of the comment period, which is March 18th 2013