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Feds temporarily expand COBRA escape option:
ProducersWeb - Health - Feds temporarily expand COBRA escape option
In the same bulletin, officials also provide a hardship exemption for some consumers who might otherwise have to pay the new PPACA “shared responsibility” penalty to be imposed on taxpayers who fail to buy what PPACA and HHS define as minimum essential coverage.
The hardship exemption will help taxpayers who bought PPACA-compliant coverage outside the exchange system from April 1 through May 1.
HHS is offering the penalty exemption because it created a similar exemption for people who bought plans through the HHS-run exchanges after March 31. The department fears some taxpayers may have thought the exemption applied to taxpayers who bought any PPACA-compliant coverage, not just exchange plans, officials say in the new bulletin.
ProducersWeb - Health - Feds temporarily expand COBRA escape option
In the same bulletin, officials also provide a hardship exemption for some consumers who might otherwise have to pay the new PPACA “shared responsibility” penalty to be imposed on taxpayers who fail to buy what PPACA and HHS define as minimum essential coverage.
The hardship exemption will help taxpayers who bought PPACA-compliant coverage outside the exchange system from April 1 through May 1.
HHS is offering the penalty exemption because it created a similar exemption for people who bought plans through the HHS-run exchanges after March 31. The department fears some taxpayers may have thought the exemption applied to taxpayers who bought any PPACA-compliant coverage, not just exchange plans, officials say in the new bulletin.