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ACA Transitional Reinsurance Program Reporting Deadline Extended

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December 2014

CMS extended the reporting deadline to December 5, 2014 for health insurance issuers and certain self-insured group health plans to report covered life counts for purposes of the transitional reinsurance program. This program requires health insurance issuers and self-insured plans to contribute to a fund that will assist with stabilizing premiums for issuers in the individual insurance market as these issuers manage the influx of new participants to their plans in the initial years of ACA implementation. Each entity’s contribution amount is based on the amount of covered lives in the plan.

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