Who will really have to pay the penalties to be imposed on the uninsured next year?
The Internal Revenue Service has tried to answer that question in a new batch of final regulations on the Patient Protection and Affordable Care Act individual coverage ownership mandate provisions, also known as the rules on "shared responsibility" for maintaining "minimum essential "
The "MEC" rules, in the PPACA-created Section 5000A of the Internal Revenue Code, are similar to but somewhat different from the rules for figuring out which taxpayers qualify for the tax credit subsidy.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
