Economists forecast employers have added 160,000 jobs this
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IRS Releases Final Regulations on Federal
Premium Tax Credit for Health Insurance Purchased in State Exchanges
ION Hewitt Washington
Report Special Addition
The Internal Revenue Service (IRS) issued final
regulations under the Patient Protection and Affordable Care Act
(Affordable Care Act) on the federal premium tax credit for
individuals who purchase health insurance through an Exchange
beginning in 2014. The regulations, which were issued on May 18,
2012, impact individuals who enroll in a qualified health plan (QHP)
through an Exchange and claim the premium tax credit, employers that
sponsor group health plans, and Exchanges that will make QHPs
available.
This Aon Hewitt report discusses:
• An overview of the federal premium tax
credit;
• Eligibility for the premium tax credit;
• How employer-sponsored coverage relates to the premium tax
credit; and
• How the premium tax credit is calculated.
The Aon Hewitt report on the IRS final regulations
on the federal premium tax credit for health insurance purchased in
state exchanges is available here.
Thank
you for your help in urging your Representative and Senators to pass
legislation to reauthorize the Export-Import Bank!
Because of your communications to your elected
officials, the House and Senate passed H.R. 2072!
We expect the legislation will be signed by President Obama in the
next few days.
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