Affordability of Employer Coverage for Family Members of Employees; Correction
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Abstract
This document includes corrections to the final regulations (Treasury Decision 9968) published in the Federal Register on Thursday, October 13, 2022. This correction contains final regulations under section 36B of the Internal Revenue Code (Code) that amend the regulations regarding eligibility for the premium tax credit (PTC) to provide that affordability of employer-sponsored minimum essential coverage (employer coverage) for family members of an employee is determined based on the employee's share of the cost of covering the employee and those family members, not the cost of covering only the employee.
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<title>Federal Register, Volume 87 Issue 231 (Friday, December 2, 2022)</title>
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[Federal Register Volume 87, Number 231 (Friday, December 2, 2022)]
[Rules and Regulations]
[Page 73937]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25429]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9968]
RIN 1545-BQ16
Affordability of Employer Coverage for Family Members of
Employees; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final rule; correction.
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SUMMARY: This document includes corrections to the final regulations
(Treasury Decision 9968) published in the Federal Register on Thursday,
October 13, 2022. This correction contains final regulations under
section 36B of the Internal Revenue Code (Code) that amend the
regulations regarding eligibility for the premium tax credit (PTC) to
provide that affordability of employer-sponsored minimum essential
coverage (employer coverage) for family members of an employee is
determined based on the employee's share of the cost of covering the
employee and those family members, not the cost of covering only the
employee.
DATES: These corrections are effective on December 12, 2022.
FOR FURTHER INFORMATION CONTACT: Clara Raymond at (202) 317-4718 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9968) subject to this correction are
issued under section 36B of the Internal Revenue Code.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Corrections of Publication
Accordingly, the final regulations (TD 9968) that are the subject
of the FR Doc. 2022-22184 starting on page 61979 in the Federal
Register on Thursday, October 13, 2022, are corrected to read as
follows:
Sec. 1.36B-2 [Corrected]
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1. On page 62001, in the first column, in amendatory instruction 3,
part ``j'' is corrected to read ``j. Revising the headings for newly
redesignated paragraphs (c)(3)(v)(D)(10) through (13).''.
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2. On page 62002, in the second column, in Sec. 1.36B-2, the revised
headings for newly redesignated paragraphs (c)(3)(v)(D)(10) through
(13) are added to read as follows:
Sec. 1.36B-2 [Corrected]
* * * * *
(c) * * *
(3) * * *
(v) * * *
(D) * * *
(10) Example 10: Determination of unaffordability for part of plan
year (part-year period). * * *
(11) Example 11: Affordability determined for part of a taxable
year (part-year period). * * *
(12) Example 12: Coverage unaffordable at year end. * * *
(13) Example 13: Wellness program incentives. * * *
* * * * *
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-25429 Filed 12-1-22; 8:45 am]
BILLING CODE 4830-01-P
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