Regulatory roundup

More healthcare-related regulatory news for plan sponsors, including links to detailed information.

Draft publication on test package for electronic filers of 2017 ACA information returns processing
The Internal Revenue Service (IRS) has released a draft of “Publication 5164 (Early Look): Test Package for Electronic Filers of Affordable Care Act (ACA) Information Returns (AIR) (Processing Year 2017).” The publication contains general and program specific testing information for use with the ACA Assurance Testing System (AATS). Software developers are required to pass predefined AATS test scenarios for the forms that they will support. Transmitters and issuers are required to pass one-time communication tests for the forms they will file.

To download the draft publication, click here.

Guidance on health coverage tax credit hardship exemption
The Centers for Medicare and Medicaid Services (CMS) released guidance providing information about a hardship exemption that may be claimed through the tax filing process for individuals who qualify for the Health Coverage Tax Credit (HCTC) but who are not enrolled in HCTC-qualifying health insurance coverage. This hardship exemption applies only for certain months in 2016.

For more information, click here.

Tax year 2016 schemas and business rules for ACA AIR
On its website, the IRS published information and technical guidance for software developers and transmitters who are interested in developing software for AIR for tax year 2016. Included are the XML schemas, business rules, and release memorandums.

For more information, click here.

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