Reinsurance-Contributions (RIC) FAQ
Guidance for FAQ regarding Contributions Payment Processing and Other
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: October 29, 2014
Program Area: Reinsurance-Contributions (RIC)
Question: Can the Centers for Medicare & Medicaid Services (CMS) explain the difference between the three (3) Types of Payment options (First Collection, Second Collection and Combined Collection)?
Answer: Applicable to All Reinsurance Contributions Benefit Years: The U.S. Department of Health and Human (HHS) offers Contributing Entities the option to pay: (1) the entire benefit year contribution in one (1) combined payment (i.e., Combined Collection); or (2) in two (2) separate payments (i.e., First Collection and Second Collection. Please see the below for details by benefit year). Regardless of the payment option selected, a Contributing Entity must submit its Annual Enrollment Count and schedule its reinsurance contribution payment date(s) by completing the "ACA Transitional Reinsurance Program Annual Enrollment and Contributions Submission Form" (Form) through Pay.gov. If a two (2)-part payment is chosen, the Contributing Entity is to file the Form for the Second Collection on the same day as the Form filing for the First Collection. To do this, duplicate the Form filing for the First Collection and submit it to reflect the Second Collection. The Second Collection amount will not be withdrawn until the scheduled date or the next business day if the scheduled payment date is a weekend or a Federal Reserve holiday. The Annual Enrollment Count in the Form (and Supporting Documentation (.CSV file), if applicable) for both the First and Second Collection must match. Combined Collection (full contribution amount- One (1) payment) 2014 Benefit Year $63.00 due January 15, 2015 2015 Benefit Year $44.00 due January 15, 2016 2016 Benefit Year $27.00 due January 17, 2017 Two (2) Separate Payments 2014 Benefit Year First Collection: $52.50 due January 15, 2015 Second Collection: $10.50 due November 16, 2016 2015 Benefit Year First Collection: $33.00 due January 15, 2016 Second Collection: $11.00 due November 15, 2016 2016 Benefit Year First Collection: $21.60 due January 17, 2017 Second Collection: $5.40 due November 15, 2017
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