Tuesday, October 24, 2017

IRS to Reject Returns Lacking Health Coverage Disclosure

Today's blog features the Benefits Pro article that highlights the recent announcement that the IRS for the first time, for tax returns filed electronically in 2018 will be rejected if they do not contain information about whether the filer has coverage. This includes whether the filer is exempt from the individual mandate or will pay the tax penalty imposed on by the law on those who don't buy coverage.

Marlene Satter writes, "The New York Times reports that the IRS appears to be acting in contradiction to the first executive order issued by the Trump White House on inauguration day, in which Trump instructed agencies to “scale back” enforcement of regulations governing the ACA." 

To read the full article, please click HERE

HORIZON Health Ventures is a healthcare cost management solutions company used by insurance brokers, employee benefit consultants, third-party administrators, insurance companies, and associations, to bring proven thought leadership and strategy to the management of their clients healthcare costs. To learn more about HHV please visit their website: www.horizonhealthventures.com

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