The IRS published three notices requesting comments on issues pertaining to regulations implementing the minimum essential coverage requirements as required by PPACA. Under PPACA, beginning in 2014, eligible individuals who purchase coverage through an insurance exchange may receive a premium tax credit unless they are eligible for other minimum essential coverage, including coverage under an employer-sponsored plan that is affordable to the employee and provides minimum value. Accordingly, the IRS is requesting comments on how to implement this requirement.
The notices request comments on methods for determining whether employer-sponsored health coverage provides minimum value, as well as methods for health plan sponsors and employers to report information about their coverage. Individuals may submit comments on the proposals to the IRS on or before June 11, 2012.