Vision, dental, and long term care benefits qualify as limited excepted benefits under new IRS rules
Dental, vision, and long-term-care benefits will qualify as excepted benefits under final regulations issued by the IRS (T.D. 9697). Excepted benefits are not subject to certain health reform requirements enacted as part of the Health Insurance Portability and Accountability Act (HIPAA), P.L. 104-191, and the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148. The final regulations do not address the issue of “wraparound” coverage, but the IRS said it intends to issue such guidance in the future. Read more on the Journal of Accountancy.