TRANSITIONAL REINSURANCE DEADLINE APPROACHING

Transitional Reinsurance Deadline Approaching

Employers must submit the 2016 Transitional Reinsurance Program Annual Enrollment and Contributions Submission Form and schedule payment no later than Nov. 15, 2016, on Pay.gov.

In 2016, the fee is $27 per average covered life. The first installment of $21.60 per average covered life is due no later than Jan. 17, 2017, and the second installment of $5.40 per average covered life is due no later than Nov. 15, 2017. Plan sponsors can also pay the fee in full by the deadline of the first installment.

For more information, follow this link.