Health Insurance Premium Tax Credit - John R. Dundon II, Enrolled Agent
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Health Insurance Premium Tax Credit

Health Insurance Premium Tax Credit

The IRS has issued final regulations, TD 9611, relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. These final regulations provide guidance to individuals related to employees who may enroll in eligible employer-sponsored coverage and who wish to enroll in qualified health plans through Affordable Insurance Exchanges and claim the premium tax credit.

Also, the IRS has issued proposed regulations, REG-148500-12, relating to the requirement to maintain minimum essential coverage enacted. These proposed regulations provide guidance on the liability for the shared responsibility payment for not maintaining minimum essential coverage.

This document also provides notice of a public hearing on these proposed regulations.  The IRS has also provided a Individual Shared Responsibility FAQ sheet.