HCTT-2015-44: Find Out if Your Health Coverage is Qualifying Coverage under the Health Care Law
Internal Revenue Service (IRS) sent this bulletin at 07/29/2015 03:06 PM EDT
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Issue Number: HCTT-2015-44Inside This IssueFind Out if Your Health Coverage is Qualifying Coverage under the Health Care Law The Affordable Care Act requires you and each member of your family to have qualifying health care coverage, qualify for an exemption from the responsibility to have minimum essential coverage, or make an individual shared responsibility payment when you file your federal income tax return. For purposes of ACA, qualifying health care coverage is also known as minimum essential coverage. Minimum essential coverage includes: Health plans offered in the individual market – plans offered by a health insurance issuer licensed by a state, including a qualified health plan offered through the federally-facilitated or a state-based Health Insurance Marketplace Grandfathered health plans – plans that were in existence on March 23, 2010 and haven’t been changed in ways that substantially cut benefits or increase costs for consumers – for more information, visit HealthCare.gov Government-sponsored programs
Employer-sponsored plans – coverage that you have through your employer, including:
Other coverage designated by the Department of Health and Human Services
Minimum essential coverage does not include coverage that may provide limited benefits. For more information about minimum essential coverage, visit IRS.gov/aca and HealthCare.gov. Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. |