On December 12, HHS issued its proposed 2024 Notice of Benefit and Payment Parameters as the Affordable Care Act (ACA) requires. HHS explains that the proposed provisions aim to expand access, help consumers with enrollment, and further address health disparities and advance health equity.
Meanwhile, on December 15, the IRS finalized the rule pertaining to timeframes for providers of minimum essential coverage to issue statements regarding the coverage to individuals under various circumstances. The IRS first issued a notice of proposed rulemaking in December 2021 to modify Form 1095-B and 1095-C following the Tax Cuts and Jobs Act sunsetting the ACA’s individual penalty for failure to maintain essential coverage during the tax year. The final rule makes some helpful tweaks to the 2021 modifications.