Individual mandate and premium tax credits in the Affordable Care Act : provisions and IRS oversight / Susan Bennett, editor.

Format:

Book

Contributor:

Bennett, Susan, editor.

Series:

Health care in transition series.

Health Care in Transition

Language:

English

Subjects (All):

United States. Patient Protection and Affordable Care Act.

United States.

Medical care--United States--Finance.

Medical care.

Medical care--Taxation--United States.

Health insurance--United States--Finance.

Health insurance.

Health insurance--Taxation--United States.

Physical Description:

1 online resource (113 p.)

Place of Publication:

New York, [New York] : Nova Publishers, 2016.

Summary:

Since 2014, the Patient Protection and Affordable Care Act (PPACA) has required most individuals to maintain health insurance coverage or potentially to pay a penalty for noncompliance. Specifically, most individuals are required to maintain minimum essential coverage for themselves and their dependents. Minimum essential coverage is a term defined in the ACA and its implementing regulations and includes most private and public coverage (e.g., employer-sponsored coverage, individual coverage, Medicare, and Medicaid, among others). Some individuals are exempt from the mandate and the penalty, and others may receive financial assistance to help them pay for the cost of health insurance coverage and the costs associated with using health care services. This book describes the individual mandate as established under the Patient Protection and Affordable Care Act. It also discusses the ACA reporting requirements designed, in part, to assist individuals in providing evidence of having met the mandate; describes the eligibility criteria applicable to the premium tax credits and cost-sharing subsidies, and the calculation method for the credit and subsidy amounts; highlights selected issues addressed in the final regulation and guidance on premium credits and indicates the status of implementation, where relevant data is available; examines IRS's implementation of these PPACA requirements; and IRS efforts to collaborate with key external stakeholders.

Contents:

IRS IS NOT EVALUATING ITS EFFORTS TO COORDINATE AND COMMUNICATE WITH KEY STAKEHOLDERS,WHICH MAY POSE CHALLENGES FOR IMPLEMENTING NEW REQUIREMENTS FOR TAX YEAR 2015IRS IMPLEMENTED 13 OF 15 PRIOR GAO PPACA RELATED RECOMMENDATIONS; CONCLUSION; RECOMMENDATIONS FOR EXECUTIVE ACTION; AGENCY COMMENTS AND OUR EVALUATION; APPENDIX I: OBJECTIVES, SCOPE, AND METHODOLOGY; APPENDIX II: COMMENTS FROM THE INTERNAL REVENUE SERVICE; End Notes for Appendix I; INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

1-63484-603-6