Rhode Island Enacts Health Insurance Individual Mandate

Rhode Island has announced that it has implemented a health insurance individual mandate, requiring all Rhode Island residents to maintain health insurance coverage for all months beginning January 1, 2020.

Penalties will be imposed in 2021 when submitting individual tax returns for Tax Year 2020.

The Individual Mandate will entail an employer reporting requirement. Employers will report identifying information for the policy subscriber and dependents insured under that policy, in addition to the months during the year such persons maintained minimum essential coverage. Recipient copies and filings to the Division of Revenue will be due on January 31 of the year following the year to which the information return relates.

Federal employer reporting requirements are still in effect. To simplify reporting requirements, Rhode Island will accept the Federal Form 1095 for purposes of state reporting.

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Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.
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