The Transitional Reinsurance Program – Reinsurance Contributions (RIC)

Who Makes Contributions in 2015?

Contributing entities are required to make contributions to fund the reinsurance program.

Contributing entities include:

  • Health insurance issuers
  • Self-insured group health plans
  • Group health plans with a self-insured coverage option and an insured coverage option
  • Multiple group health plans, including an insured plan, that are maintained by the same plan sponsor, that collectively provide major medical coverage for the same covered lives simultaneously
  • Multiple group health plans, not including an insured plan, that are maintained by the same plan sponsor, that collectively provide major medical coverage for the same covered lives simultaneously

Although a contributing entity is responsible for the reinsurance contribution, it may use a TPA or ASO contractor to support the reinsurance contribution process.

Payment Options

The 2015 Reinsurance Contribution Rate is $44.00 per covered life.
Contributions can be made:

  • In one lump sum of $44 per covered life
  • In a two-part payment of $33 per covered life (first payment, due immediately) and $11 per covered life (second payment, due by November 15, 2016)

2015 Web-Based Training

For more information on completing the 2015 Form or the 2015 Supporting Documentation, use the 2015 Reinsurance Contributions Form Completion and Submission Web-Based Training (WBT).  This WBT is readily available to walk users through the process to create the 2015 Supporting Documentation and complete the 2015 Form. This Web-Based Training is available at: https://www.regtap.info/ricontributions.php.