Reinsurance-Contributions (RIC) FAQ
Guidance for FAQ regarding Submission / Schedule and Other
Program Area: Reinsurance-Contributions (RIC)
Question: May a Contributing Entity remit the entire benefit year reinsurance contribution amount in a single payment, rather than making two (2) separate payments?
Answer: Applicable to All Reinsurance Contributions Benefit Years: Yes. The Department of Health and Human Services (HHS) will offer Contributing Entities the option to pay: (1) the entire Benefit Year contribution amount in one (1) payment reflecting the full contribution amount per covered life for the applicable benefit year; or (2) in two (2) separate payments for the benefit year, with the first remittance reflecting the per covered life amount for the applicable benefit year for Program Payments and Program Administration Funds, and the second remittance reflecting the amount per covered life for the General Fund of the U.S. Treasury. 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
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: July 07, 2014
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