HomeMy WebLinkAbout~Master - Transitional Reinsurance Program payment RESOLUTION NO. 15-649
RESOLUTION APPROVING TRANSITIONAL REINSURANCE PROGRAM
PAYMENT UNDER PATIENT PROTECTION AND AFFORDABLE CARE ACT
FOR THE CITY OF AMES
WHEREAS, the Federal Patient Protection and Affordable Care Act (ACA) requires that
self-funded health care insurers like the City of Ames pay a Transitional Reinsurance Fee for each
plan year from 2014 to 2016; and,
WHEREAS, thus, the City is required to make three, one-time payments to the federal
government; and,
WHEREAS, this fee is based on the number of covered lives on an insured's plan and is
calculated by the Department of Health and Human Services (HHS), and HHS is also the entity
responsible for collecting these fees; and,
WHEREAS, insured counts are due each year by November 15 with payment information
entered and scheduled for a January 15 automated deduction; and,
WHEREAS,this year's fee amount has been calculated as$66,748,and funding to cover this
expense was included in the adopted 2015/16 budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Affordable Care Act Transitional Reinsurance fee in the amount of$66,748 to be paid to the
Department of Health and Human Services is hereby approved.
ADOPTED THIS 27`h day of October, 2015.
A. X. 6&-,CA�
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Corrieri
Seconded by: Gartin
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 27" day of October, 2015.