Explanation
BACKGROUND: To make payment in accordance with the Affordable Care Act (ACA), appropriation is necessary to pay the Transitional Reinsurance Fee. The fee is paid by self-funded health insurance plans to the Department of Health and Human Services based on enrollment in the health plan. In 2016, the Reinsurance Fee amount is $27 per member per year and is based on the total number of people enrolled in the health plan for the first nine months of the calendar year. The Department of Human Resources has calculated the fee to be $431,281.26.
Emergency action is requested to ensure that the Transitional Reinsurance Fee is paid.
FISCAL IMPACT: Appropriation is being made to pay the Transitional Reinsurance Fee, per the ACA, in the amount of $431,281.26. Sufficient funds are available and are set aside for these appropriation and expenditure transactions.
Title
To make appropriations and authorize the expenditure of $431,281.26 for the funding of the Transitional Reinsurance Fee from the Employee Benefits Fund; and to declare an emergency. ($431,281.26)
Body
WHEREAS, to make payment in accordance with the Affordable Care Act (ACA), appropriation is necessary to pay the Transitional Reinsurance Fee; and
WHEREAS, the fee is paid by self-funded health insurance plans to the Department of Health and Human Services based on enrollment in the health plan and the Department of Human Resources calculated the fee to be $431,281.26; and
WHEREAS, it is necessary to authorize the appropriation and expenditure of $431,281.26, or so much therefore as may be necessary to pay the Transitional Reinsurance Fee; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Human Resources in that it is immediately necessary to authorize the appropriation and expenditures to the United States Department of Health and Human Services for the Transitional Reinsurance Fee for the preservation of the public health, peace, property, saf...
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