Final HHS Rule Imposes $250,000 Fine For False Info In ACA Exchanges

Mealey's (June 11, 2015, 3:50 PM EDT) -- WASHINGTON, D.C. — Individuals who knowingly provide false information to a Patient Protection and Affordable Care Act (ACA) health care exchange may be subject to $250,000 in civil penalties, according to a U.S. Department of Health and Human Services (HHS) final rule released May 16, 2014.

(Final rule available. Document #93-140528-018X.)

The fine covers the failure to provide information under Section 1411(b) of the ACA or disregard of any rules or regulations as defined under Section 6662 of the Internal Revenue Code of 1986. The rule...
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