Kilpatrick

Carrier News

Self-Funded Plan Compliance Required – Reinsurance Fee and Health Plan Identifier (HPID) – Cigna

This information was provided by Cigna in an email to producers and employers.

Key compliance dates for two Patient Protection and Affordable Care Act (PPACA) provisions are quickly approaching, and although they are two separate topics under PPACA, action is required for both. Cigna is here assist you with what you will need to meet these requirements and take the necessary steps by these fast-approaching compliance dates.

Click on either topic below to learn more.

Health Plan Identifier (HPID)

Some health plans, with the exception of small health plans, will be required to obtain HPIDs by November 5, 2014.

Reinsurance Fee

Employers sponsoring self-funded group health plans and insurers are required to submit their average covered lives data and schedule their payment(s) no later than November 17, 2014, which is the next applicable day after the November 15th regulatory deadline. However, the Centers for Medicare and Medicaid Services (CMS) strongly encourages contributing entities to file before November 15, 2014 to avoid any technical difficulties. On October 24, CMS released the “ACA Transitional Reinsurance Program Annual Enrollment and Contribution Submission Form” (also known as “The Form”), which is available on www.pay.gov. To access the form, click here.

via Countdown to Compliance: Reinsurance Fee and Health Plan Identifier (HPID) Action Required for Self-Funded Employers.

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