Filed Under:Life Insurance, Sales Strategies

PPACA: IRS Interprets "Excess Comp" Rules

The Internal Revenue Service (IRS) is starting to weigh in on which health insurance company bosses are subject to the new "excess compensation" tax rules.

The IRS has issued a batch of guidance interpreting Section 162(m)(6) of the Internal Revenue Code, a tax law created by Section 9014 of the Patient Protection and Affordable Care Act (PPACA), in IRS Notice 2011-02.

covered individual each year.

PPACA watchers at the American Benefits Council, Washington, and elsewhere have asked if regulators could define the term "health insurance provider" broadly enough to include employers that sponsor their own health plans, and if the term "applicable individual" could include a health insurer's top consultants, lawyers or accountants.

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Nichole Morford

Nichole Morford
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