The Internal Revenue Service had a hard time getting health insurers to submit their 2014 health insurance provider fee forms on time.
Section 9010 of the Patient Protection and Affordable Care Act requires health insurance companies, health maintenance organizations and other "covered entities" to pay a total of $8 billion in health insurer fees for 2014 to help compensate for the cost of PPACA programs. The total Section 9010 insurer fee amount is supposed to rise to $11.3 billion for 2015, hold at $11.3 billion for 2016, and then rise to $13.9 billion for 2017.
For the 2014 insurer fee year, the affected insurers were supposed to send Form 8963 insurer fee returns to the IRS by April 15, 2014.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
