Notice 2014-24 - Section 9010 health insurance provider fee “temporary safe harbor” provided for premiums written for expatriate coverage 

March 28:  The IRS today released an advance copy of Notice 2014-24, which provides a “temporary safe harbor” that covered entities may use for purposes of reporting premiums written for expatriate plans on Form 8963, Report of Health Insurance Provider Information, used to calculate the fee imposed by section 9010 of the Affordable Care Act.

Under the temporary safe harbor in Notice 2014-24 [PDF 16 KB], which applies for the 2014 and 2015 fee years, a covered entity may treat 50% of the aggregate amount of its direct premiums written for expatriate plans—as reported on its Supplemental Health Care Exhibit filed with the National Association of Insurance Commissioners—as attributable to non-U.S. health risks, provided certain other requirements are met, as specified in today’s notice.

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