Regulatory roundup

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

Small employers receive relief for small business healthcare tax credit
The Internal Revenue Service (IRS) issued guidance that provides relief for certain small employers that wish to claim the “Small Business Health Care Tax Credit” for 2017 and later years.

The tax credit can benefit certain small employers that provide health coverage to their employees. Generally, small employers must provide employees with a qualified health plan from a Small Business Health Options Program (SHOP) marketplace to qualify for the credit. Small employers may only claim the credit for two consecutive years.

Notice 2018-27 gives guidance about calculating the credit under these circumstances. The notice does not affect previous transition relief for the credit that was separately provided for 2014, 2015, and 2016.

For information on whether a county had or has coverage available through a SHOP marketplace, click here.

Relief granted for taxpayers affected by reduction of maximum deductible health savings account contributions
The IRS announced relief for taxpayers with family coverage under a high-deductible health plan (HDHP) who contribute to a health savings account (HSA). For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution.

To learn more, click here.

FAQ: Prescription drug pricing and policy
A published Congressional Research Service (CRS) report addresses frequently asked questions (FAQs) about government and private-sector policies that affect drug prices and availability. Among the prescription drug topics covered are federally funded research and development, regulation of direct-to-consumer advertising, legal restrictions on re-importation, and federal price negotiation. The report provides a broad overview of the issues as well as references to more in-depth CRS products.

To download the report, click here.

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