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Text of IRS Proposed Regs on Minimum Essential Coverage and Other Rules on the Shared Responsibility Payment for Individuals; Notice of Hearing
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
Jan. 23, 2014
27 pages. Excerpt: "The preamble to the final regulations indicates that subsequent proposed regulations will provide that coverage under certain government-sponsored programs is not government-sponsored minimum essential coverage. The preamble to the final regulations also describes rules to be included in subsequent regulations for determining, for purposes of the lack of affordable coverage exemption, the required contribution for individuals eligible to enroll in an eligible employer-sponsored plan that provides employer contributions to health reimbursement arrangements (HRAs) or wellness program incentives. These proposed regulations address these issues, consistent with the rules contemplated in the preamble to the final regulations. In addition, these proposed regulations provide or clarify rules under section 5000 addressing the definition of excepted benefits, hardship exemptions that may be claimed on a Federal income tax return, and the computation of the monthly penalty amount." [Public hearing is scheduled for May 21, 2014 at 10 a.m.]

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