Transitional Reinsurance Fee Delayed
After receiving requests for an extension, CMS decided late last week to delay the deadline employers have to file the Transitional Reinsurance Fee Form. Instead of November 17th, employers now have until December 5, 2014 to submit the enrollment counts for the Transitional Reinsurance Fee. The January 15, 2015 and November 15, 2015 payment deadlines remain the same. For self-funded group health plans that have not yet filled out the form, there will be no penalties for missing the November 17th deadline.
For more information, visit the CMS website: http://www.cms.gov/CCIIO/Programs-and-Initiatives/Premium-Stabilization-Programs/The-Transitional-Reinsurance-Program/Reinsurance-Contributions.html
WGA will continue to monitor this and provide additional details as further guidance becomes available.