IRS Issues Proposed Regulations on Healthcare Coverage Information Reporting

By Bonnie Bochniak
Vice President, Government Relations
MBPA/MFBA

October 1, 2013 – In an attempt to better streamline reporting requirements, on September 5, 2013, the Internal Revenue Service (IRS) issued two proposed regulations to implement the information reporting requirements for insurers and certain employers under the Affordable Care Act (ACA). One proposed rule would require large employers to report to the IRS information regarding the health care coverage offered to full-time employees. The second proposed rule would require insurers, self-insured employers, government-sponsored programs, and entities that provide minimum essential coverage to report information on this coverage to the IRS and to covered individuals. If you are a stakeholder or interested party, you are able to view the proposed regulations by connecting through the links provided below. After your review, you are able to submit your comments directly to the IRS. MBPA is encouraging those who have a vested interest to please offer your suggestions. Comments are due November 8, 2013.

• Link to the IRS proposed regulations http://www.ofr.gov/OFRUpload/OFRData/2013-21791_PI.pdf and  http://www.ofr.gov/OFRUpload/OFRData/2013-21783_PI.pdf.

• Submit comments on the proposed rule to the IRS electronically (REG-136630-12 and REG-132455-11)

• Advocacy contact: Dillon Taylor or call at 202-401-9787

If you have any questions, please feel free to contact our Government Relations team at (586) 393-8800 or by email: bbochniak@michbusiness.org