The transitional reinsurance fee, which will be collected for 2015 and 2016, is assessed by the Department of Health and Human Services (HHS) on employers or insurers to stabilize premiums in the individual health insurance market.
Groups are required to register and provide enrollment counts through pay.gov by November 15, 2015, for the 2015 collection period.
A group can elect one payment of $44 per covered life, which is to be paid by January 15, 2016. Alternatively, they could decide to split their payments.
– The first payment of $33 must be paid by January 15, 2016.
– The second payment of $11 is to be paid by November 15, 2016.