The government has announced that the form for submitting the annual enrollment count for the transitional reinsurance fee will be available on Friday, October 24 on www.pay.gov.
As a reminder, the carrier will take care of this for insured cases, including payment of the fee, when due. Self-insured plans will need to register and submit the annual enrollment count by November 15, 2014. Pay.gov will also be the vehicle for them to pay the fee, when due.
Self-insured plans will have two options:
1) Pay the entire 2014 benefit year contribution ($63 per covered life) in one payment by no later than January 15, 2015.
2) Submit two separate payments, with the first remittance due by January 15, 2015, for $52.50 per covered life, and the second due by November 15, 2015, for $10.50 per covered life.
USI is presenting a webinar at 3:00 p.m. today on Approaching Deadlines for Self-insured Health Plans. Click here to register and obtain more information.
If you have webinar questions, contact USI’s resource group at 512-651-4141, email@example.com.