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IMPORTANT: Transitional Reinsurance Fee - Corrected |
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The reinsurance fee will begin to accrue January 1, 2014. Every covered person (including spouses and children) in the medical plan must be counted. Plans must report enrollment counts and other data to CMS by November 15, 2014.
Insurers will track enrollment and file the reports for insured plans, however self-insured plans are on their own. In cooperation with Michael Best & Friedrich, LLP, BSG has prepared a guide to the reinsurance fee requirements. It includes an explanation of which plans must comply, which are exempt, how the counting options work, and links to websites for additional resources.
Click here to view or download the report. |
