IRS Begins Issuing Regulations Under PPACA
The Internal Revenue Service has begun issuing regulations implementing the Patient Protection and Affordable Care Act (PPACA), the federal health reform law. You can expect to see new regulations under the law coming out monthly for the remainder of the year. At a recent speech to the American Health Lawyers Association, a spokesperson for CMS said that HHS is presently drafting 18 sets of new regulations that have to be in effect duri ng 2010, compared to its normal output of 2 - 3 sets.
The IRS's first rules relate to extending dependent coverage under a parent's health insurance to include children up to age 26.
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