For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
HHS releases the “medical loss ratio” interim final rules that allow, in part, for the deduction of certain taxes from premium revenue before calculating the medical loss ratio. According to the regulations, insurance providers may deduct federal and state taxes that apply to health insurance coverage from premium revenue when calculating medical loss ratios, HHS says. IRS offers temporary relief to certain Blue Cross or Blue Shield organizations, and certain other organizations faced with implementing the medical loss ratio rule that could impact the special treatment they receive under tax code Section 833. This is scheduled to take effect for the first taxable year beginning after Dec. 31, 2009, under new tax code Section 833(c)(5).
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)