Department of the Treasury

Grandfathered plans IFR amendment, request for comment

Posted on November 16, 2010

On November 17, amendments to the interim final rule (IFR) on grandfathered plans will be published in the federal register with request for comment. The major change it makes to the IFR is that it will allow employers to change issuers without losing grandfathered status.

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Categories: Department of Health and Human Services, Department of Labor, Department of the Treasury, Employee Benefit Security Administration, Health Insurance, Internal Revenue Service, Key Developments, Office of Consumer Information and Insurance Oversight, Rulemaking, Rules, and Guidance

HHS, NIH, Treasury announce biomedical research credit recipients

Posted on November 4, 2010

The Departments of Treasury and Health and Human Services have announced the recipients of one billion in biomedical research credits instituted by the health reform law.

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Categories: Department of Health and Human Services, Department of the Treasury, Key Developments, National Institutes of Health, Tax Policy

IRS issues guidance on reform law’s adoption credit

Posted on September 30, 2010

The IRS has issued a guidance on the increased adoption tax credit that was included in the health reform law.

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Categories: Department of the Treasury, Internal Revenue Service, Key Developments, Rulemaking, Rules, and Guidance, Tax Policy

Comments due on appeals rule – Employers say too costly

Posted on September 24, 2010

Comments were due Sept. 21 on regulations that apply to internal claims and appeals and external review processes under the Affordable Care Act. In response to the proposed rules, several employer groups warned of the high cost associated with the impending regulations.

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Categories: Department of Health and Human Services, Department of Labor, Department of the Treasury, Key Developments, Rulemaking, Rules, and Guidance

IRS releases draft form for claiming small business health care tax credit

Posted on September 7, 2010

The Internal Revenue Service has released a draft form for small businesses and tax-exempted organizations to calculate the tax credit created under the health reform law for small businesses that offer health care benefits to their employees.

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Categories: Department of the Treasury, Internal Revenue Service, Key Developments, Tax Policy

IRS issues guidance on drug purchases and FSAs and HSAs

Posted on September 7, 2010

The Internal Revenue Service has released a guidance reflecting the changes made by the health reform law, which specifies that only prescribed drugs will be reimbursable by flexible spending arrangements (FSAs) and health reimbursement arrangements (HRAs) or considered qualifying medical expenses under health savings accounts (HSAs) and Archer Medical Savings Accounts (Archer MSAs). The only exception to this new rule is insulin, even if purchased without a prescription.

The details on this guidance are contained in Notice 2010-59, Revenue Ruling 2010-23, and a questions and answers page.

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Categories: Department of the Treasury, Internal Revenue Service, Key Developments, Tax Policy

New rules make it easier for public to appeal denials of health insurance claims

Posted on July 22, 2010

On July 22nd, new rules were issued easing patients’ ability to appeal health insurance claim denials.

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Categories: Department of Health and Human Services, Department of Labor, Department of the Treasury, Health Insurance, Key Developments, Rulemaking, Rules, and Guidance

IRS to accept Qualifying Therapeutic Discovery Project Program applications

Posted on June 21, 2010

The Internal Revenue Service has announced that it will begin accepting applications for certification for tax credits or grants under the Qualifying Therapeutic Discovery Project Program created by the health reform law. According to the agency, these grants are available for projects that “show significant potential to produce new cost-saving therapies, create U.S. jobs, and increase U.S. competitiveness.”

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Categories: Department of the Treasury, Internal Revenue Service, Key Developments, Tax Policy

IRS announces providers in underserved communities may be eligible for tax refund

Posted on June 17, 2010

The Internal Revenue Service has announced that providers working in underserved areas may be eligible for a refund on their 2009 taxes because the health reform law expanded the tax exclusion “to include any state loan repayment or loan forgiveness programs intended to increase the availability of health care services in underserved areas or health professional shortage areas.”

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Categories: Administration for Children & Families, Department of the Treasury, Internal Revenue Service, Key Developments, Tax Policy

IRS issues regulations on indoor tanning tax

Posted on June 15, 2010

The IRS has issued regulations on the 10 percent tax on indoor tanning services included in the health reform law.

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Categories: Internal Revenue Service, Key Developments, Tax Policy