Originally posted on 11/17/14 by United Benefit Advisors, LLC on http://www.ubabenefits.com
The Centers for Medicare and Medicaid Services (CMS) has extended the deadline for group health plans to complete their 2014 transitional reinsurance fee (TRF) submission. The announcement, which was released late on November 14, 2014, states that the filing is now due by 11:59 p.m. on Friday, December 5, 2014. The January 15, 2015, and November 15, 2015, deadlines to pay the fee remain the same. While all group health plans that provide major medical coverage must pay the TRF, only self-funded plans are directly responsible for the submission; the carrier will do the filing and pay the fee for fully insured plans.