Agencies Issue Proposed Guidance on Excepted Benefits

In their proposed rule on "Amendments to Excepted Benefits", the Departments of Labor, Treasury, and Health and Human Services indicated:

"This document contains proposed rules that would amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code (the Code), and the Public Health Service Act related to limited wraparound coverage. Excepted benefits are generally exempt from the requirements that were added to those laws by the Health Insurance Portability and Accountability Act and the Patient Protection and Affordable Care Act."

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