ThomTalk: HSS Deadline Changed
On November 16, 2014, the Department of Health and Human Services (HHS) announced that the deadline for contributing entities to submit their 2014 enrollment counts for the transitional Reinsurance Fee has been extended. Employers sponsoring self-funded group health plans and insurers subject to the Reinsurance Fee now have until 11:59 p.m. ET on December 5, 2014 to upload their average covered lives data into Pay.gov and submit their ACA Transitional Reinsurance Program Annual Enrollment and Contribution Submission Form. The deadline was previously today, November 17.The 2014 Reinsurance Fee can be paid in one combined payment or in two installments.
The first installment of $52.50 per average covered life is due no later than January 15, 2015. If an employer chooses the combined payment, the fee must be paid all at once, no later than January 15, 2015.
The second installment of $10.50 per average covered life will be due by November 15, 2015.
HHS confirmed the January 15, 2015 and November 15, 2015 payment deadlines remain the same.
The Reinsurance Fee is an annual, fixed fee per average covered life for the calendar years 2014, 2015 and 2016. The Reinsurance Fee equals the average number of covered lives in the calendar year multiplied by the national contribution rate, which is $63 for 2014. Self-funded employers are responsible for paying the fee. Insurers are responsible for paying the Reinsurance Fee for their insured plans.