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Lawson S3 HR/Payroll/Benefits
Transitional Reinsurance Fee (TRF)
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Transitional Reinsurance Fee (TRF)
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Agundel
Basic Member
Posts: 6
10/4/2013 3:12 PM
The $63 per year/per covered life transitional reinsurance fee (TRF) to be paid to the federal government by insured and self-insured group health plans beginning in 2014. Just wondering how other company's are setting this up. We have a wellness incentive that will also tie into the overall health premium. So, the formula would be: base premium + TRF Fee - wellness incentive = total health premium. We were thinking we would should set this up as 3 sep. health plans since they need to roll up into health for ERISA. Since the fee is a difficult number to divide for some folks who cover multiple dependents, on a bi-weekly basis (payroll), we were thinking we may have to setup this deduction as a monthly deduction. Looking for alternatives to make sure we set this up properly.
Thanks,
Allison
CindyW
Veteran Member
Posts: 169
10/10/2013 3:05 PM
Wow this is the first I have heard about this. So you are taking this fee directly from the employee? Of course...that's where everything comes from I guess.
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