Tuesday, December 11, 2012

Transitional Reinsurance Fee is Making Headlines

It appears that the major media outlets have gotten wind of the recently clarified "Transitional Reinsurance Fees". Several stories are popping up on major media outlets across the country. The requirement imposes a $5.25 per member per month fee ($63 per year) to offset some of the risk that the carriers in the exchanges will be facing in the first three years.

Insurers will pay the fee on their insured business and TPA's can pay the fee on behalf of self-funded employers. For 2014 the payment will be due no later than mid-January 2015.

Click here for a article from CBS News.