26 USC 6720C - Penalty for failure to notify health plan of cessation of eligibility for continuation coverage premium assistance

U.S Code last checked for updates: Nov 22, 2024

§ 6720C.

Penalty for failure to notify health plan of cessation of eligibility for continuation coverage premium assistance

(a)

In general

(b)

Intentional failure

In the case of any such failure that is fraudulent, such person shall pay a penalty equal to the greater of—

(1)

$250, or

(2)

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.

(c)

Reasonable cause exception

(Added Pub. L. 117–2, title IX, § 9501(b)(2)(A), Mar. 11, 2021, 135 Stat. 137.)

cite as: 26 USC 6720C