IRS Finalizes ACA Exchange Info Sharing Rule

Law360, Washington (May 2, 2014, 8:36 PM EDT) -- The Internal Revenue Service on Friday issued its final regulations for the required reporting of individuals’ information by Affordable Care Act insurance exchanges used by the agency to correctly determine premium subsidies, making minor tweaks from its proposed version of the rule.

The rule requires all exchanges that make health coverage available to individuals to report information to the IRS on all individuals who enroll in a so-called qualified health plans, or QHPs, through that exchange. This includes details identifying the enrollee, the premium for both their...
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