November 12, 2015
The Affordable Care Act (ACA) created a three-year transitional reinsurance program that reimburses certain health insurers in the individual market for losses they sustain when they enroll individuals who are higher-cost claimants. Health insurers and self-insured group health plans must contribute to this program by paying fees over a three-year period. 2014 was the first year for which these fees were assessed. The submission required for the second year’s fees must be filed by November 16, 2015. (In a major change from last year, self-administered plans that are self-insured are exempt from the fees.) For details, please refer to Sibson Consulting’s October 7, 2015 Update.
Share this page
Sibson helps our clients navigate the maze of federal, state and local laws and regulations related to benefit plans.Learn more about our compliance services