United Benefit Advisors Insight and Analysis Blog

Extra, Extra! ACA Tax News, Read All About It!

Posted by: Jennifer Stanley    Jun 10, 2016 10:30:00 AM

The Patient Protection and Affordable Care Act of 2010 (ACA) has many tax provisions written within its 906 pages. I’ll give a brief overview of the taxes, and sprinkle in some good news among some not-so-good news.

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Topics: ACA, PPACA, Patient Centered Outcomes Research Institute, Transitional Reinsurance Fee, Jennifer Kupper, Play or Pay, Cadillac Tax, employer shared responsibility, ACA excise tax, ACA penalties, health insurers providers fee

Transitional Reinsurance Fee for Self-funded Group Health Plans

Posted by: Jennifer Stanley    Oct 27, 2015 12:00:00 PM

The Patient Protection and Affordable Care Act (ACA) established the Transitional Reinsurance Program to help stabilize premiums in the individual private and public marketplaces. The Transitional Reinsurance Fee (TRF) applies to fully insured and self-funded major medical plans for 2014, 2015, and 2016, regardless of the policy or plan year. Insurers of fully insured major medical plans and sponsors of self-funded major medical plans are responsible for filing and submitting contributions for the Transitional Reinsurance Program.

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Topics: ACA, TRF, Patient Centered Outcomes Research Institute, Transitional Reinsurance Fee, Jennifer Kupper, self funded health plans, Group health plans, PCORI Fee, Transitional Reinsurance Program

Self-Funded Plans Must File Transitional Reinsurance Fee Form by November 15

Posted by: Linda Rowings    Nov 4, 2014 10:29:00 AM

The transitional reinsurance fee (TRF) applies to fully insured and self-funded major medical plans for 2014, 2015, and 2016. The purpose of the fee is to provide funds to help stabilize premiums in the individual insurance market in view of uncertainty about how the Patient Protection and Affordable Care Act (PPACA) would affect claims experience. Insurers are responsible for reporting and paying the fee on the policies they issue, although the fee will generally be passed on to the employer. Plan sponsors of self-funded plans (or their representatives) must report and pay the fee to the federal government at www.pay.gov.

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Topics: Linda Rowings, Self-Funded, PCORI, Patient Centered Outcomes Research Institute, November 15, Transitional Reinsurance Fee