Bill > H2757

This bill amends the state law on tax form reporting obligations for health plan coverage. It allows employers or other sponsors of employment-sponsored health plans to satisfy the written statement requirements by providing federal Forms 1095-B or 1095-C to each subscriber or covered individual, as long as the form is accompanied by a notice informing them that the coverage meets the minimum creditable coverage standards. The employer or sponsor must also include an attestation in their separate report to the state that the coverage meets those standards. The bill also requires the employer or sponsor to redact social security numbers and other information in their report to the state to the extent required by law. These changes take effect for the tax year beginning January 1, 2023.

Budget and Finance

https://malegislature.gov/Bills/193/H2757