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Carolyn Cox October 21, 2014, TRANSITIONAL REINSURANCE PAYMENT PROCESS Objectives Registering on Pay.gov Completing ACA Transitional Reinsurance Program Annual Enrollment and Contributions Submission
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Transitional reinsurance program is a temporary program created by the Affordable Care Act (ACA) to help stabilize premiums in the individual health insurance market.
Health insurance issuers and self-insured group health plans are required to file transitional reinsurance program contributions.
To fill out transitional reinsurance program, entities can use the online portal provided by the Department of Health and Human Services.
The purpose of transitional reinsurance program is to help spread the financial risk of high-cost individuals in the individual health insurance market.
Entities must report the number of covered lives under their plans and make contributions based on these numbers.
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