IRS Prop. Reg.: Health Insurance Market Reform Amending Definition of Short-Term, Limited-Duration Insurance (IRC §9831)

Proposed rules that would amend the definition of short-term, limited-duration insurance, which is excluded from the definition of individual health insurance coverage under the Public Health Service Act, the IRS released July 7. Proposed amendments (1) to the requirements for hospital indemnity or other fixed indemnity insurance to be considered an excepted benefit in the group and individual health insurance markets; and (2) to clarify the tax treatment of certain benefit payments in fixed amounts received under employer-provided accident and health plans are also included. Comments are requested by Sept. 11, 2023. [REG-120730-21, RIN 1210-AC12, CMS-9904-P, 88 Fed. Reg. __ ...