26 U.S.C. § 6720C — Penalty for failure to notify health plan of cessation of eligibility for continuation coverage premium assistance
submitted 5 years ago by Pub. L. 117-2 to r/title-26-INTERNAL-REVENUE-CODE · 154 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Except in the case of a failure described in subsection (b) or (c), any person required to notify a group health plan under section 9501(a)(2)(B) of the American Rescue Plan Act of 2021 who fails to make such a notification at such time and in such manner as the Secretary* of Labor may require shall pay a penalty of $250 for each such failure.
In the case of any such failure that is fraudulent, such person shall pay a penalty equal to the greater of—
$250, or
110 percent of the premium assistance provided under section 9501(a)(1)(A) of the American Rescue Plan Act of 2021 after termination of eligibility under such section.
No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause and not to willful neglect.
Source credit: (Added Pub. L. 117–2, title IX, § 9501(b)(2)(A), Mar. 11, 2021, 135 Stat. 137.)
- 2021Enacted · Pub. L. 117-2 · 135 Stat. 137
A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-2 on 2021-03-11.
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