A mailing went out this week to Starmark employers with self-funded plans about the Reinsurance Assessment Fee. The employer must submit the required form with payment information and schedule a date to remit the fee no later than November 15, 2014.
The letter outlines where the employer needs to file the required “ACA Transitional Reinsurance Program Annual Enrollment and Contributions Submission Form.”
To assist with the filing, Starmark calculated the average number of lives for the first nine months of the calendar year for each group using one of the three approved counting methods – the “Snapshot” method.
To view a sample of the letter, click here. For more information about the Reinsurance Assessment Fee, view the flyer.
Regulatory Updates 