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.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.