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TREAS/IRS | RIN: 1545-BQ28 | Publication ID: Fall 2023 |
Title: Short-Term, Limited-Duration Insurance; Independent, Non coordinated Excepted Benefits Coverage; Level-Funded Plan Arrangements; and Tax Treatment of Certain Accident and Health Insurance | |
Abstract:
This rule sets forth proposed regulations that would amend the definition of short-term, limited-duration insurance, which is excluded from the definition of individual health insurance coverage under the Public Health Service Act. This rule also sets forth proposed amendments to the requirements for hospital indemnity or other fixed indemnity insurance to be considered an excepted benefit in the group and individual health insurance markets. This rule further sets forth proposed amendments to clarify the tax treatment of certain benefit payments in fixed amounts received under employer-provided accident and health plans. Finally, this rule solicits comments regarding coverage only for a specified disease or illness that qualifies as excepted benefits, and comments regarding level-funded plan arrangements. |
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Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 26 CFR 54.9801-2 26 CFR 1.105-2 | |
Legal Authority: 26 U.S.C. 7805 Pub. L. 111-148 Title I |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-120730-21 (NPRM) Drafter attorney: Jason Sandoval (202) 317-5500 Reviewer: Kevin Knopf (202) 317-5500 Treasury attorney: Matt Litton (771) 215-0949 CC:EEE | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1210-AC12, Related to 0938-AE67 | Related Agencies: Joint: DOL/EBSA, HHS/CMS; |
Agency Contact: Jason Sandoval General Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Room 5712, Washington, DC 20224 Phone:202 317-5500 Email: jason.e.sandoval@irscounsel.treas.gov |