IRS Offers Guidance on Health Insurer and Cadillac Plan Taxes

Healthopolis

Tuesday, Feb. 24, 2015 | Roll Call Home »

IRS Offers Guidance on Health Insurer and Cadillac Plan Taxes  By Paul Jenks The Internal Revenue Service is offering guidance on two complicated tax topics initiated by the 2010 Affordable Care Act. The health law is partially funded by an annual fee on health insurers. The fee has been in place since 2013 and new rules set to be published on Thursday set regulations for the fee for 2015. The tax is not applicable to employers who self-insure, non-profit insurers and voluntary employee benefit groups. The new rule notice offers guidance on the tax agency's effort to clarify the definition of an entity covered by the tax. Last week, Louisiana Republican Rep. Charles Boustany, Jr. blasted the whole idea of the insurer fee as one of the ways the health law increases the cost of insurance premiums. Boustany touted legislation repealing the fee. Full story ICYMI: CMS Releases Wide-Ranging Exchange Rule  By Rebecca Adams Next year's open enrollment period for people buying insurance in health law marketplaces will run from Nov. 1 through Jan. 31, 2016, under a 476-page rule released late Friday that affects the plans created under the statute. Full story ICYMI, This Week: HHS Budget Hearings Shadowed by Exchange Enrollment Tax Woes