FORM FOR REINSURANCE ASSESSMENT FEE NOW AVAILABLE ON PAY.GOV

Form for Reinsurance Assessment Fee Now Available on Pay.gov

The form that plan sponsors are required to complete to calculate their contribution for the Reinsurance Assessment Fee is now available on Pay.gov. Plan sponsors must submit the form no later than Nov. 15, 2014. A manual on completion of the form was posted on the website for the Centers for Medicare & Medicaid Services (CMS): Annual Enrollment and Contributions Submission Form Manual, Version 1.0.

How to access the form and pay the fee:

  1. 1. Register: Plan sponsors must register on Pay.gov.
  2. 2. Complete contribution form: Go to “find a form” and then “click here to view a listing of all forms.” Then, click on “ACA Transitional Reinsurance Program Annual Enrollment Contributions Submission.”
  3. Plan sponsors need to enter the average number of members in its health plan for the first nine months of the calendar year on the contribution form on Pay.gov no later than Nov. 15 in 2014, 2015 and 2016.
  4. The form also requires information for a billing contact and billing address, an additional contact and an authorizing official. Federal webinars indicated that two different contacts were sufficient for a small office, which was not defined. However, all fields have to be completed, so you may use the same name in different contact fields. The form will automatically calculate the contribution amount(s).
  5. 3. Upload: Plan sponsors must upload their supporting documentation. To help in the process, two other documents have been posted on the CMS website:
    1. • Supporting Documentation Job Aid Manual, Version 1.0, which explains how to create the supporting documentation to be submitted with the contribution form.
    2. • Supporting Documentation: Job Aid Template, which is an Excel workbook that allows the plan sponsor to enter, validate and convert contributing entity information into a comma-separated value (CSV) file format.
  6. 4. Enter payment information: Plan sponsors should schedule a payment date by selecting “Type of Payment” based on plan sponsors’ preference on when to make the contribution. The first installment1 deadline is Jan. 15, 2015, and the second installment2 deadline is Nov. 15, 2015. Plan sponsors can also pay the fee in full by the deadline of the first installment.

    1$52.50 per average covered life
    2$10.50 per average covered life

For more information on the Reinsurance Assessment Fee, follow this link.