USA IRS : Notice 2017-74: Section 5000A Guidance for Individuals with No Available Marketplace Bronze-Level Plan

By | December 11, 2017
(Last Updated On: December 12, 2017)

Issue Number:    N-2017-74

Inside This Issue


Notice 2017-74  provides that Individuals who are not eligible for coverage under an eligible employer-sponsored plan and who lack access to affordable coverage should not be denied the use of the affordability exemption under § 5000A(e)(1) of the Code and § 1.5000A-3(e) of the Regulations merely because they reside in an area served by a Marketplace that does not offer a bronze-level plan.  Consequently, for purposes of the affordability exemption under § 5000A(e)(1) and § 1.5000A-3(e), if an individual resides in a rating area served by a Marketplace that does not offer a bronze plan, the individual generally should use as his or her applicable plan the lowest cost metal-level plan available in the Marketplace serving the rating area in which the individual resides.

Notice 2017-74 will be in IRB 2017-51, dated December 18, 2017.

Other IRS News

 

Leave a Reply

Your email address will not be published. Required fields are marked *