Blue Cross and Blue Shield of Illinois

 

September 13, 2013

Legislative Update
IRS Releases Two Proposed Rules on Employer Shared Responsibility Provisions

On Sept. 5, the Internal Revenue Service (IRS) released two proposed rules on the reporting requirements of the Employer Shared Responsibility provisions of the Affordable Care Act.

The proposed rules involve reporting requirements in Sections 6055 and 6056 of the Internal Revenue Code, which the Obama administration delayed until 2015. Both proposed rules seek comments about streamlining the information that employers, insurers and other entities must provide to the IRS.

Comments for the two proposed rules are due 60 days after publication in the Federal Register.

We are currently reviewing the proposed rules and will provide more information as it becomes available.

 

 
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A Division of Health Care Service Corporation, a Mutual Legal Reserve Company,
an Independent Licensee of the Blue Cross and Blue Shield Association.