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Federal Rules on Individual Shared Responsibility Exemptions

Federal Rules on Individual Shared Responsibility Exemptions

This June 2013 CMS fact sheet summarizes federal eligibility rules for receiving an exemption from the individual shared responsibility provision. The rules will ease implementation and help to ensure that the shared responsibility payment obligation applies only to the limited group of taxpayers who have ready access to affordable coverage but choose to spend a substantial period of time uninsured. Included are highlights from the HHS final rule on individual shared responsibility, as well as two subcategories of exemptions that will be available through the tax filing process, and from the Treasury Notice on eligibility for minimum essential coverage exemptions.