CHIP Buy-in Programs May Qualify as Minimum Essential Coverage | Lauzen Accounting

CHIP Buy-in Programs May Qualify as Minimum Essential Coverage

Practice Management Feature: Mid-Year Planning
April 24, 2015
IRS Preparer Compliance Initiative
April 29, 2015
Practice Management Feature: Mid-Year Planning
April 24, 2015
IRS Preparer Compliance Initiative
April 29, 2015

An individual who may enroll in a CHIP buy-in program that has been recognized as minimum essential coverage by HHS will be treated as eligible for minimum essential coverage under the program for purposes of the premium tax credit only for the period the individual is enrolled.

Source:: AICPA – Tax

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