Friday, September 26, 2014

ACA’s Transitional Reinsurance Fee/Tax

Self funded health plans face a rapidly approaching compliance deadline of January 15, 2015 relative to the Affordable Care Acts so called “transitional reinsurance fee”. A previous post addressed the various reinsurance (or bailout) programs devised in the ACA (click –
These programs are sometimes referred to as the “Three R’s”, which are: Reinsurance Program; Risk Corridor; and Risk Adjustment.
The first of these reinsurance/bailout programs – the [temporary] reinsurance program…

Wednesday, September 10, 2014

ACA’s Health Plan Identifier Requirement

As the old saying goes, “the devil is in the details”, and the Affordable Care Act (ACA) has its fair share of DETAILS. Among the rapidly approaching compliance deadlines for many employers is requesting/obtaining a ten-digit Health Plan Identifier or HPID. While ALL employers offering health insurance plans must comply with this requirement, the due date for obtaining the ID, along with determining who is responsible for obtaining it varies based on a couple of factors. Here’s an overview of the whole HPID matter…