Deadline Approaches for New Fee on Health Plans
By Dave Reyes, CPA, CEBS, Shareholder
Effective January 1, 2014, the Affordable Care Act implemented a new fee called the Transitional Reinsurance Fee. The Transitional Reinsurance Fee applies to group health plans that are either fully insured or self-insured. It's a temporary fee for the three year period -- 2014, 2015 and 2016. The purpose of this fee is to help stabilize premiums for individual health coverage.
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