The Affordable Care Act imposes an
annual fee on health insurance providers that provide health
insurance for United States health risks (a covered entity). IRS
final regulations, which implements the Affordable Care Act,
describe how the IRS will administer the health insurance providers
fee. This information collection covered under this request are the
recordkeeping requirements prescribed in §57.2(e)(2) that each
member of a controlled group are to maintain records of consent to
the controlled group's selection of the designated entity.
Reporting requirements under §57.3 will be reported through Form
8963, "Report of Health Insurance Provider Information". File Form
8963, Report of Health Insurance Provider Information, to report
net premiums written for health insurance of United States health
risks. The information reported will be used by the IRS to
calculate the annual fee on health insurance providers.
US Code:
26
USC 7805 Name of Law: Rules and regulations
PL:
Pub.L. 111 - 148 9010 Name of Law: Patient Protection and
Affordable Care Act
PL:
Pub.L. 111 - 152 1406 Name of Law: Health Care and Eduction
Reconciliation Act of 2010.
PL: Pub.L. 111 - 148 9010 Name of Law:
Patient Protection and Affordable Care Act.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.