Paperwork Burden Reduction: Health Coverage Statements Upon Request
This Act amends the Internal Revenue Code to provide an alternative manner of furnishing health insurance coverage statements. Instead of automatically furnishing written statements, reporting entities may provide clear notice that individuals can request a copy of the statement. Upon request, the statement must be furnished within 30 days or by January 31 of the following year, whichever is later. These changes apply to statements for calendar years after 2023.
Key points
Allows an alternative to automatically furnishing written health insurance coverage statements.
Reporting entities must provide clear notice that individuals may request a copy of the statement.
Statements must be furnished to individuals upon request.
The deadline for furnishing the statement is the later of January 31 of the following year or 30 days after the request.
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