Ruling on subsidies could impact health insurance benefitsJuly 24, 2014
Study: ACA enrollment reaches 10.3 millionJuly 25, 2014
The Department of Health and Human Services (HHS) has published its final ruling in regards to the reinsurance three-year (2014-2016) transitional program. This program must be established in each state to help stabilize premiums through the exchange for when those individuals with higher medical costs sign up for insurance. Fees will be accessed to health insurance issuers and self-insured group health plans.
The changes include:
- a modified definition of a “contributing entity” including what types of plans are exempt from reinsurance fees
- the 2014 and 2015 reinsurance contributions
- the payment schedule for reinsurance fees will now be made in two installments
For more information, download this legislative brief.
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002.
“I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”