Internal Revenue Bulletin: 2011-42 |
October 17, 2011 |
Table of Contents
- REG-128224-06
- REG-140038-10
- AGENCIES:
- ACTION:
- SUMMARY:
- DATE:
- ADDRESSES:
- FOR FURTHER INFORMATION CONTACT:
- CUSTOMER SERVICE INFORMATION:
- SUPPLEMENTARY INFORMATION:
- I. Background
- II. Overview of the Proposed Regulations
- A. Summary of Benefits and Coverage
- 1. In General
- 2. Providing the SBC
- a. Provision of the SBC Automatically by an Issuer to a Plan
- b. Provision of the SBC Automatically by a Plan or Issuer to Participants and Beneficiaries
- c. Provision of the SBC Upon Request
- d. Special Rules to Prevent Unnecessary Duplication With Respect to Group Health Coverage
- e. Provision of the SBC by an Issuer Offering Individual Market Coverage
- 3. Content
- 4. Appearance.
- 5. Form and Manner
- a. Group health plan coverage
- b. Individual health insurance coverage
- 6. Language
- B. Notice of Modifications
- C. Uniform Glossary
- D. Preemption
- E. Failure to Provide
- 1. Department of HHS
- 2. Departments of Labor and the Treasury
- a. Department of Labor
- b. Department of the Treasury
- F. Applicability
- III. Economic Impact and Paperwork Burden
- A. Executive Orders 12866 and 13563-Department of Labor and Department of Health and Human Services
- 1. Current Regulatory Framework
- 2. Need for Regulatory Action
- 3. Summary of Impacts
- 4. Benefits
- 5. Costs
- General Assumptions
- Staffing Assumptions
- IT Systems and Workflow Process Changes
- Production and Review of SBCs and CEs
- Labor Cost Assumptions
- Distribution Assumptions
- Cost Estimate
- 6. Regulatory Alternatives
- B. Regulatory Flexibility Act—Department of Labor and Department of Health and Human Services
- C. Special Analyses—Department of the Treasury
- D. Unfunded Mandates Reform Act—Department of Labor and Department of Health and Human Services
- E. Paperwork Reduction Act
- 1. Department of Labor and Department of the Treasury
- 2011 Burden Estimate
- 2012 Burden Estimate
- 2013 Burden Estimate
- 2. Department of Health and Human Services
- 2011 Burden Estimate
- 2012 Burden Estimate
- 2013 Burden Estimate
- E. Federalism Statement-Department of Labor and Department of Health and Human Services
- IV. Statutory Authority
- CMS-9982-P Dated July 28, 2011.
- CMS-9982-P BILLING CODE 4120-01-P
- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Chapter I
- REG-111283-11
- AGENCY:
- ACTION:
- SUMMARY:
- DATES:
- ADDRESSES:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Background
- Explanation of Provisions
- A. Section 1256(b)(2)(B) Language and Legislative History
- B. Scope of Swaps Excluded by Section 1256(b)(2)(B)
- 1. Notional principal contracts and credit default swaps
- 2. Option on a notional principal contract
- 3. Ordering rule
- C. Definition of Regulated Futures Contract
- D. Qualified Board or Exchange
- E. Definition and Scope of a Notional Principal Contract
- 1. Payments under a notional principal contract
- 2. Credit default swaps
- 3. Weather-related and other non-financial index based swaps
- 4. Excluded contracts
- 5. Conforming Amendments
- Proposed Effective/Applicability Date
- Special Analyses
- Comments and Public Hearing
- Proposed Amendments to the Regulations
- Drafting Information
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