Shared Responsibility Payment definition

Shared Responsibility Payment means the assessment on certain nonexempt individuals who, for each month during the taxable year, must have minimum essential coverage or make a payment as described in §1.5000A-1 and §1.5000A-4.
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Shared Responsibility Payment means a penalty imposed for failing to meet the re- quirement to maintain minimum essential coverage in accordance with 26 U.S.C. 5000A.
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Examples of Shared Responsibility Payment in a sentence

  • Elimination of Shared Responsibility Payment for Individuals Failing to Maintain Minimal Essential Coverage (sec.

  • Most individuals are required to have:G Minimum Essential Coverage (*MEC), orG an Exemption from the responsibility to have minimum essential coverage, orG Make a Shared Responsibility Payment.

  • Elimination of Shared Responsibility Payment for Individuals Failing to Maintain Minimum Essential Coverage (sec.

  • Persons who do not have MEC may have to make a Shared Responsibility Payment when they file their taxes unless they qualify for an exemption.

  • In July 2018, the Company received notifications from the Internal Revenue Service (“IRS”) pursuant to the Affordable Care Act (“ACA”) that the Company may be liable for an Employer Shared Responsibility Payment (“ESRP”) in the amount of approximately $2.1 million for the year ended December 31, 2015.

  • No. 2018-43-022, Affordable Care Act: Processes to Identify Employers Subject to the Employer Shared Responsibility Payment Need Improvement (Mar.

  • On admission to the School, parents/carers are required to provide detailed medical information on their child to ensure the correct treatment can be administered at all times.

  • The Shared Responsibility Payment for 2017 is the GREATER OF 2.5% of the household income that is above the filing threshold for the filing status, orthe family's flat dollar amount for 2017 is $695 per adult and $347.50 per child, limited to a family maximum of $2,085.

  • If you can be claimed as a dependent by another taxpayer, you do not need to file Form 8965 and donot owe a shared responsibility payment.CAUTION!Even if you do not need to report or claim a coverage exemption, you will need to use the Shared Responsibility Payment Worksheet included in these instructions tocalculate the shared responsibility payment if you or another member of your tax household did not have minimum essential coverage or a coverage exemption for one or more months.

  • The Shared Responsibility Payment is the GREATER OF 2.5% of the household income that is above the filing threshold for the filing status, orthe family's flat dollar amount is $695 per adult and $347.50 per child, limited to a family maximum of $2,085.

Related to Shared Responsibility Payment

  • extended producer responsibility ’ (EPR) means responsibility of any producer of packaging products such as plastic, tin, glass, wrappers and corrugated boxes, etc., for environmentally sound management, till end-of-life of the packaging products ;

  • Customer Responsibilities means the responsibilities of the Customer set out in paragraph 6.1 of the Order Form;

  • Emergency Load Response Program means the program by which Curtailment Service Providers may be compensated by PJM for Demand Resources that will reduce load when dispatched by PJM during emergency conditions, and is described in Operating Agreement, Schedule 1, section 8 and the parallel provisions of Tariff, Attachment K-Appendix, section 8. Energy Efficiency Resource: “Energy Efficiency Resource” shall have the meaning specified in the PJM Reliability Assurance Agreement. Energy Market Opportunity Cost:

  • Area of responsibility means the geographical area, as

  • Institutional Responsibilities means an investigator’s professional responsibilities on behalf of the University, which may include for example: activities such as research, research consultation, teaching, professional practice, University committee memberships, and service on panels such as Institutional Review Boards or data and safety monitoring boards.

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand. Economic Maximum:

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

  • Basic generation service transition costs means the amount by

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Counseling services means services provided by qualified social workers, psychologists, guidance counselors, or other qualified personnel.

  • Independent living services means services and activities provided to a child in foster care 14 years

  • SBE Program Coordinator means the individual appointed, from time to time, by the City’s Community and Economic Development Director to administer the SBE Regulations.

  • Payment Duties has the meaning assigned to that term in Section 10.02(b)(ii).

  • Enhanced Services means any service offered over Common Carrier transmission facilities that employ computer processing applications that act on the format, content, code, protocol or similar aspects of a subscriber's transmitted information; that provide the subscriber with additional, different or restructured information; or involve End User Customer interaction with stored information. "Enhanced 911" or "E911" shall have the meaning set forth in Section 10.3.1.

  • Shared Services means shared order filling or shared order processing, or both.

  • Advanced Services refers to high speed, switched, broadband, wireline Telecommunications capability that enables users to originate and receive high-quality, voice, data, graphics or video Telecommunications using any technology.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Responsible Respondent means a Respondent that has the capability in all material respects to perform the scope of work and specifications of the Contract. In determining whether a Respondent is a Responsible Respondent, the Agency may consider various factors including, but not limited to, the Respondent’s competence and qualifications to provide the goods or services requested, the Respondent’s integrity and reliability, the past performance of the Respondent and the best interest of the Agency and the State.

  • Designated crisis responder means a mental health

  • District Level Anti-Ragging Committee means the Committee, headed by the District Magistrate, constituted by the State Government, for the control and elimination of ragging in institutions within the jurisdiction of the district.

  • Program Manager refers to the professional management firm selected by the Owner as the Owner’s representative for the Project, and its employees and consultants.

  • PJM Administrative Service means the services provided by PJM pursuant to Tariff, Schedule 9. PJM Board:

  • Emergency medical services personnel means that term as defined in section 20904 of the public health code, 1978 PA 368, MCL 333.20904.

  • Extended school year services means special education and related services that are provided to a child with a disability and meet the standards of the State of Wisconsin. These services are provided beyond the normal school year of the local educational agency, in accordance with the individualized education program (IEP), and at no cost to the parents of the child.

  • Non-Administrator Coordinated Home Care Program means a Coordinated Home Care Program which does not have an agreement with the Claim Administrator or a Blue Cross Plan but has been certified as a home health agency in accordance with the guidelines established by Medicare.