Employee Benefits Blog

Posts tagged transitional reinsurance

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Transitional Reinsurance Program Fee Reporting Due Date is Extended to December 5

The Patient Protection and Affordable Care Act (ACA) established the transitional reinsurance program to stabilize premiums in the individual market place by reducing the costs of high-risk enrollees. The program requires health insurance issuers and certain self-insured group health plans offering major medical coverage to make contributions under the program for 2014 through 2016.  The fee is $63 per covered life in 2014 and will decrease in 2015 and 2016.