Officials at the Internal Revenue Service have been plowing ahead with efforts to set up the machinery needed to make the Patient Protection and Affordable Care Act (PPACA) health insurance exchange system work.
PPACA calls for the exchanges, or Web-based health insurance supermarkets, to offer premium tax credits for moderate-income consumers who cannot get affordable, high-quality coverage from their employers.
An exchange would have to send the statement to the taxpayer or responsible adult "on or before January 31 of the year following the calendar year of coverage."
The draft regulations are set to appear in the Federal Register Tuesday. Comments on the draft regulations will be due 60 days after the official publication date.