The IRS has released the final regulations for how it will release tax return information to the Department of Health and Human Services to assess a taxpayer’s eligibility for help in buying health insurance coverage under the Affordable Care Act. For taxpayers whose income is relevant in determining eligibility for an insurance affordability program, Medicaid, CHIP, or BHP, Section 6103(l)(21) explicitly authorizes the disclosure of the taxpayer identity information, filing status, the number of individuals for whom a deduction is allowed, the taxpayer’s modified adjusted gross income, or MAGI, as defined under Section 36B of the Tax Code, and the taxable year to which the information relates or, alternatively, that the information is not available. Section 6103(l)(21) authorizes the disclosure of other information that might indicate whether an individual is eligible for the premium tax credit under Section 36B of the Code, or cost-sharing reductions under Section 1402 of the Affordable Care Act, and the amount of them. The final regulations mostly adhere to the regulations proposed by the IRS last year Social Security benefits to the list of items that can be disclosed to the Department of Health and Human Services in order to help enable the health insurance exchanges.
Posted on: Mon, 19 Aug 2013 17:36:48 +0000
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