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IRS Issues Proposed Regs on Health Insurer Deduction Limitation
On April 1, the Internal Revenue Service (IRS) issued proposed regulations on the application of the $500,000 deduction limitation for remuneration provided by some health insurance providers under Internal Revenue Code section 162(m)(6). Code section 162(m)(6)(C)(i) provides that a health insurance issuer is a covered health insurance provider for a tax year only if it receives premiums from providing health insurance coverage. The proposed regulations provide rules for determining whether a health insurance issuer is a covered health insurance provider for any tax year and whether a person is treated as a single employer with a health insurance issuer that is a covered health insurance provider for any tax year.
Comments are due by July 1, 2013.
- Link to the proposed regulations
- Submit comments on the final rule to the IRS electronically (REG-106796-12)
- Advocacy contact: Dillon Taylor or call at 202-401-9787
- Regulations.gov, the Federal government’s one stop site to comment on Federal regulations