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Posts Tagged 'HHS'

Reinsurance Fee Contribution Form Due November 16, 2015

Under the Affordable Care Act, employers that provide a self-funded group health plan (as well as health insurance issuers for fully-insured plans) must fund a traditional reinsurance program. The fees will be used to help stabilize premiums for coverage in the individual market for the first three years of the Exchange operation (2014 – 2016). […]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Reinsurance Fee Deadline Extended to December 19th

Under the Affordable Care Act, health insurance issuers and self-funded group health plans are required to fund a transitional reinsurance program. As a first step in that program, contributing entities must submit their 2014 enrollment counts. On December 5th, 2014, HHS announced that the submission deadline would be delayed once again. The new deadline is 11:59 p.m. […]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Massachusetts and Health Care Reform: Small Group Transitional Period Extended

On April 24th, 2014, the U.S. Health and Human Services department announced that that Massachusetts has been given an additional year to phase in insurance rating changes that are part of the Affordable Care Act. When it comes to calculating group health insurance premiums, current Massachusetts law allows for a larger variety of factors to be considered, including industry, participation […]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Health Plans Impacted by ACA Cost-Sharing Limits

Under the Affordable Care Act (ACA), certain health plans must comply with cost-sharing limits with respect to their coverage of essential health benefits. These limits include an overall annual limit (or an out-of-pocket maximum) and an annual deductible limit. Recently, the Department of Health and Human Services (HHS) released a final rule that clarifies which plans […]

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Insurance Fees to Rise for Group Health Plans?

As implementation of the Affordable Care Act (ACA) moves forward, companies are seeking to understand how it will affect their business. Recently, attention has been given to the financial impact from risk-spreading programs within ACA. The transitional reinsurance program is intended to help stabilize premiums for coverage in the individual market from 2014 through 2016. […]

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Posted in: Benefits and Insurance

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