Notice 2013-41 - Premium tax credit under section 36B, and minimum essential coverage 

June 26: The IRS today released an advance copy of Notice 2013-41 concerning whether or when—for purposes of the premium tax credit under section 36B—an individual is eligible for minimum essential coverage under certain government-sponsored health programs or other coverage designated as minimum essential coverage.

Beginning in 2014, eligible individuals who purchase coverage under a qualified health plan through an Affordable Insurance Exchange are allowed a premium tax credit under section 36B.

In general, an individual (who may be the taxpayer claiming the premium tax credit or a member of the taxpayer’s family) may receive health insurance coverage subsidized by the premium tax credit only for months the individual is enrolled in a qualified health plan through an exchange and is not eligible for other minimum essential coverage.

Notice 2013-41 [PDF 150 KB] provides rules for determining whether an individual is eligible for coverage in a qualified health plan subsidized by the premium tax credit under section 36B.

The IRS has requested comments are requested on the guidance included in Notice 2013-41; comments are due on or before August 26, 2013.

Notice 2013-41 applies for tax years ending after December 31, 2013.

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