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118-hr-3797118th CongressWALLET

Paperwork Burden Reduction Act

Sponsored By: Representative Smith, Jason [R-MO-8]

Became Law

Summary

Creates an alternative way for employers and insurers to furnish annual health coverage statements by posting a notice and supplying a copy only when an individual requests one. This option preserves a clear deadline for delivering requested copies.

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  • Families and individuals: Will get a clear, conspicuous, accessible notice instead of an automatic statement. If they request a copy they must receive it by the later of Jan 31 following the coverage year or within 30 days of the request.
  • Employers and health plans: Can satisfy the Internal Revenue Code 6055 and 6056 furnishing rules by providing the required notice and sending statements only on request. The change applies to coverage for calendar years after 2023.
  • Treasury and IRS: The Secretary is authorized to determine the form and manner of the notice and how it must be delivered for this alternative method.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Workers may need to request coverage forms

Starting with 2024 coverage, you might not get your health coverage statement automatically. Your employer or insurer must give clear notice on how to ask for a copy. You can request a copy at any time. They must send it by January 31 of the next year or within 30 days after your request, whichever is later. This changes delivery and timing only, not your benefits or taxes.

Sponsors & CoSponsors

Sponsor

Smith, Jason [R-MO-8]

MO • R

Cosponsors

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 6/5/2023

Roll Call Votes

No roll call votes available for this bill.

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