<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

ACA Providers Fee to Increase in 2020

providers fee

1 minute read

The IRS recently announced that the Affordable Care Act’s health insurance providers fee will increase for 2020. Please note that this fee is not applicable to employers but rather the health insurance providers. This is an annual non-deductible fee generally paid by health insurers and other providers of health coverage. For 2020, the annual health insurance providers fee amount will increase to $15,522,820,037. The fee must be paid annually by September 30.

The fee is only applicable to those health entities who have premium revenue over $25 million. This may include health insurers, health maintenance organizations, and certain insurance companies. This does not include any employers offering a health insurance plan.

For questions, please contact your Employee Benefits Consultant.

Download the bulletin.

Subscribe to Our Newsletter

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

What Millennials Look for in Healthcare
October 28, 2019
2020 ACA Compliance Checklist
October 28, 2019
Bill Enright

Bill Enright

Bill Enright believes in bottom-line honesty while empowering his customers with the knowledge they need to feel confident in their decisions. He is a 30+ year veteran with employee benefits expertise from insurance carrier to benefits consultant. Bill has been published on the topic of healthcare reform and has served on advisory committees and insurance reform lobbying groups at the state and national level. As an Employee Benefit Consultant in the Midwest Region, Bill will be working with both public and private sector schools, cities, and counties in Wisconsin. He is a licensed insurance agent and is a Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters).