ComplianceMnthlyRecap MH 5.16.22

Frequently Asked Questions about the Transitional Reinsurance Fee (TRF)

Posted by: Danielle Capilla    Nov 16, 2016 9:30:00 AM

frequently asked questionsThe 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 (ACA) would affect claims experience. While insurers are responsible for reporting and paying the fee on the policies they issue, 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. Below are the answers to the top five most common questions about the TRF.

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Topics: ACA, PPACA, TRF, Transitional Reinsurance Fee, Danielle Capilla, ACA fees, group medical benefits

Transitional Reinsurance Fee for Self-funded Group Health Plans

Posted by: Jennifer Stanley    Oct 27, 2015 11:00:00 AM

Transitional Reinsurance FeeThe 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

Transitional Reinsurance Fee Filing Date Extended to December 5

Posted by: Linda Rowings    Nov 20, 2014 2:08:00 PM

TRF Filing Date Extended to December 5The Centers for Medicare and Medicaid Services (CMS) extended the deadline for group health plans to provide their 2014 transitional reinsurance fee (TRF) submission. Filing is now due by 11:59 p.m. on December 5, 2014. The January 15, 2015, and November 15, 2015, deadlines to pay the fee remain the same. For more information on the TRF, see our recent blog. For the answers to nearly 30 questions about filing, due dates, calculation methods, payment, submission and more, CLICK HERE to Request UBA's "Frequently Asked Questions about the Transitional Reinsurance Fee (TRF)".

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Topics: Centers for Medicare and Medicaid Services, TRF, Transitional Reinsurance Fee, extended, December 5, CMS

A To-Do List for Sponsors of Self-Funded Group Health Plans

Posted by: Jennifer Stanley    Oct 9, 2014 1:17:00 PM

describe the imageBelow are some to-dos for sponsors of self-funded group health plans.  The information is limited generally to the “what” and the “when.”  For a summary of the PPACA provisions that apply to group health plans and whether the provision applies to self-funded plans, request PPACA Decision Guide for Self-funded Plans.   

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Topics: Self-Funded, HPID, HIPAA, Sponsors, BAA, TRF, 6055 Reporting, 6056 Reporting