📄IRS Seeks Comments on Health Plan Notification Requirements
Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Informing Participant of Group Health Plan or Health Insurance
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments regarding the burden associated with the requirement of informing each participant (in the individual market, primary subscriber) of the terms of the plan or coverage and their right to designate a primary care provider.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The IRS request for comments on burden associated with informing participants of their healthcare plan adds regulatory compliance responsibilities for business owners providing group health plans. This impacts their operational processes and documentation requirements.