Park City, UT (PRWEB) March 16, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on the final rule on ACA reinsurance fee amounts and payment schedule.
According to Zane Benefits’ website, on March 5, 2014, the Department of Health and Human Services (HHS) issued a Final Rule on the reinsurance fee imposed under the Affordable Care Act (ACA).
Zane Benefits’ website also provides that as detailed in the Final Rule, employers will be allowed to pay the controversial ACA reinsurance fee in two installments, and now have certainty on the amount of the fee during the second year of the three-year program.
The ACA reinsurance fee is imposed on group health plans. If the plan is insured, the insurer pays the fee, and if the plan is self-insured, the plan itself pays the fee. The reinsurance fee applies in 2014, 2015, and 2016. However, for 2015 and 2016 only, self-insured and self-administered plans are exempt from the fees.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.