2005 US Code
Title 26 - INTERNAL REVENUE CODE
CHAPTER 77 - MISCELLANEOUS PROVISIONS
Sec. 7527 - Advance payment of credit for health insurance costs of eligible individuals
View MetadataPublication Title | United States Code, 2000 Edition, Supplement 5, Title 26 - INTERNAL REVENUE CODE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 26 - INTERNAL REVENUE CODE CHAPTER 77 - MISCELLANEOUS PROVISIONS Sec. 7527 - Advance payment of credit for health insurance costs of eligible individuals |
Contains | section 7527 |
Date | 2005 |
Laws in Effect as of Date | January 2, 2006 |
Positive Law | No |
Disposition | standard |
Source Credit | Added Pub. L. 107-210, div. A, title II, §202(a), Aug. 6, 2002, 116 Stat. 960. |
Statutes at Large Reference | 116 Stat. 960 |
Public Law References | Public Law 107-210 |
§7527. Advance payment of credit for health insurance costs of eligible individuals (a) General rule
Not later than August 1, 2003, the Secretary shall establish a program for making payments on behalf of certified individuals to providers of qualified health insurance (as defined in section 35(e)) for such individuals.
(b) Limitation on advance payments during any taxable yearThe Secretary may make payments under subsection (a) only to the extent that the total amount of such payments made on behalf of any individual during the taxable year does not exceed 65 percent of the amount paid by the taxpayer for coverage of the taxpayer and qualifying family members under qualified health insurance for eligible coverage months beginning in the taxable year.
(c) Certified individualFor purposes of this section, the term “certified individual” means any individual for whom a qualified health insurance costs credit eligibility certificate is in effect.
(d) Qualified health insurance costs credit eligibility certificateFor purposes of this section, the term “qualified health insurance costs credit eligibility certificate” means any written statement that an individual is an eligible individual (as defined in section 35(c)) if such statement provides such information as the Secretary may require for purposes of this section and—
(1) in the case of an eligible TAA recipient (as defined in section 35(c)(2)) or an eligible alternative TAA recipient (as defined in section 35(c)(3)), is certified by the Secretary of Labor (or by any other person or entity designated by the Secretary), or
(2) in the case of an eligible PBGC pension recipient (as defined in section 35(c)(4)), is certified by the Pension Benefit Guaranty Corporation (or by any other person or entity designated by the Secretary).
(Added Pub. L. 107–210, div. A, title II, §202(a), Aug. 6, 2002, 116 Stat. 960.)
ConstructionNothing in the amendments made by title II of Pub. L. 107–210, other than provisions relating to COBRA continuation coverage and reporting requirements, to be construed as creating a new mandate on any party regarding health insurance coverage, see section 203(f) of Pub. L. 107–210, set out as a Construction of 2002 Amendment note under section 2918 of Title 29, Labor.
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