This is the table of contents of Internal Revenue Bulletin IRB 2018-11. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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This revenue procedure extends the safe harbor set forth in Rev. Proc. 2010–28, 2010–34 I.R.B. 270, concerning the application of Internal Revenue Code sections 7702 and 7702A, to life insurance contracts that have mortality guarantees based on the 2017 Commissioners’ Standard Ordinary Mortality Tables or any other prevailing commissioners' standard tables that extend beyond age 100 and that may continue in force after the day on which the insured individual attains age 100. The safe harbor applies to life insurance contracts that are intended to qualify as life insurance contracts and avoid characterization as modified endowment contracts, or MECs, under section 7702A, provided the contract complies with certain testing methodologies set out in the revenue procedure. Rev. Proc. 2010–28 modified and superseded.
This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for February 2018 used under § 417(e)(3)(D), the 24-month average segment rates applicable for January 2018, and the 30-year Treasury rates. These rates reflect the application of § 430(h)(2)(C)(iv), which was added by the Moving Ahead for Progress in the 21st Century Act, Public Law 112–141 (MAP-21) and amended by section 2003 of the Highway and Transportation Funding Act of 2014 (HATFA).
These proposed regulations contain proposals to amend the definition of short-term limited duration insurance (STLDI) for purposes of its exclusion from the definition of individual health insurance coverage. Although STLDI is not an excepted benefit, it is exempt from the Public Health Service Act’s (PHS Act) individual-market requirements because it is statutorily excluded from individual health insurance coverage. The proposed regulations expand the potential maximum coverage period by 9 months, consistent with the definition in the 2004 HIPAA final regulations.
These final regulations provide rules for the definition of covered entity for purposes of the fee imposed by section 9010 of the Affordable Care Act.
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