Changes for ACA Transitional Reinsurance Program

In "Modifications likely for transitional reinsurance program contributions", Buck Consultants explains that:

"In recently issued guidance, the Department of Health & Human Services announced its intent to propose two modifications to the Affordable Care Act’s transitional reinsurance program. The program is significant for large group health plans and their sponsors because it requires contributions for three years from self-insured plans. The likely modifications would (1) delay the timing of a portion of the contribution from the beginning of each calendar year until the end of that year, and (2) exempt certain self-insured, self-administered plans from payment of the contributions for 2015 and 2016 (but not 2014). The recent guidance also finalized proposed rules about record retention and the obligation to make contributions in the case of a self-insured plan with an insured component. Finally, the guidance indicated that future rulemaking will provide a more specific definition of “major medical coverage.”

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