Affordable Care ACT: Law, Regulatory Explanation and Analysis

Affordable Care ACT: Law, Regulatory Explanation and Analysis

by Tax Law Editors Cch


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Product Details

ISBN-13: 9780808043454
Publisher: Cch
Publication date: 01/28/2016
Product dimensions: 6.00(w) x 8.90(h) x 0.60(d)

Table of Contents

Chapter 1 Taxpayers Affected

Patient Protection and Affordable Care Act as Amended by Health Care and Reconciliation Act of 2010

Timeline and Implementation 105

Taxpayers Affected 108


Effect on Individuals Generally 109

Effect on Individuals Without Health Care Coverage 111

Effect on Individuals With Health Care Coverage 112

Effect on Lower Income Individuals 113

Effect on Higher Income Individuals 114

Effect on Individuals With Investment Income 115

Effect on Individuals Covered by an Employer-Sponsored Plan 117

Effect on Individuals With Young Adult Children 122

Effect on Itemizers of Medical Expense Deductions 123

Effect on Health Account Holders 125


Effect on Businesses Generally 133

Effect on Employers 135

Effect on Small Employers 137

Effect on Seasonal Employers 139

Effect on Self-Employed Persons 141

Effect on Agricultural Employers 143

Effect on Construction Industry Employers 144

Effect on Corporations 145

Effect on S Corporations 147

Effect on Partnerships 149

Effect on Real Estate Investment Trusts (REITs) 151

Effect on Regulated Investment Companies (RICs) 153

Effect on Controlled Groups 155

Effect on Health Insurance Providers 157

Effect on Health Insurance Policy Issuers 159

Effect on Sponsors of Self-Employed Health Plans 161

Effect on Group Health Plans 163

Effect on Manufacturers and Importers of Branded Prescription Drugs 165

Effect on Manufacturers and Importers of Medical Devices 167

Effect on Estates and Trusts 173

Tax-Exempt Entities

Effect on Nonprofit Health Insurance Issuers and Reinsurers 179

Effect on Voluntary Employee Benefit Associations (VEBAs) 180

Effect on Nonprofit Charitable Hospitals 181

Effect on Tax-Exempt Trusts 182

Effect on Patient-Centered Outcomes Research Trust Fund (PCORTF) 183

Government Entities

Effect on Government Entities 187

Effect on Government Health Plans 188

Effect on Secretary of Treasury and IRS 189

Chapter 2 Individuals

Individual Health Insurance Mandate 205

Health Insurance Premium Assistance Refundable Credit 210

Itemized Deduction for Medical Expenses 215

Medical Benefits for Children Under Age 27 220

Chapter 3 Businesses

Employer Mandate to Provide Health Insurance 305

Small Employer Health Insurance Credit 310

Exchange-Participating Qualified Health Plans Offered Through Cafeteria Plans 320

Health Flexible Spending Accounts Offered in Cafeteria Plans 325

Simple Cafeteria Plans 330

Elimination of Deduction for Federal Subsidies for Certain Retiree Prescription Drug Plans 330

Limit on Health Insurance Provider Deduction for Excessive Employee Remuneration 340

Excise Tax on High Cost Employer-Sponsored Health Coverage 345

Excise Tax on Sales of Medical Devices 350

Fee on Manufacturers and Importers of Prescription Drugs 352

Additional Requirements for Charitable Hospitals 355

Chapter 4 Information Reporting Requirements

Inclusion of Cost of Employer-Sponsored Health Coverage on W-2 405

Health Care Coverage Reporting 410

Reporting of Employer Health Insurance Coverage 415

Chapter 5 Health Care Exchanges and Other Provisions Governing Health Care Plans

Establishment of Health Insurance Exchanges 505

Exchange Requirements-American Health Benefit Exchanges 510

Small Business Health Options Program (SHOP Exchange) 512

Procedures for Determining Eligibility for Exchange Participation, Tax Credits, and Cost-Sharing Reductions 515

Cost-Sharing Reductions 520

Advance Determinations and Payments 525

Contents of Essential Health Benefits Package 530

Grandfathered Plans in the Individual and Group Health Markets 535

Market Reforms and Improved Coverage 540

Fee on Health Insurance Providers 543

Fee Imposed on Health Insurance Policies 545

Fee imposed on Self-Insured Health Plans 550

Medical Loss Ratio Rebates 555

Chapter 6 Net Investment Income Tax and Additional Medicare Tax

Net Investment income Tax for Individuals 605

Net Investment Income Tax on Estates and Trusts 610

Net Investment Income Tax: Net Investment Income Defined 615

Additional Medicare Tax on Wages and Self-Employment Income 620


Code Sections Added, Amended or Repealed 5001

Act Sections Not Amending Code Sections 7005

Topical index

Topical Index 331

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