Was Your Business Required to Pay a Transitional Reinsurance Contribution Under the Affordable Care Act in The 2014, 2015 and/or 2016 Benefit Year(s)?
Eligible Class Members
If certified, Eligible Class Members include all self-insured employee health and welfare benefit plans with assets held pursuant to a trust agreement that were required to make the Transitional Reinsurance Contribution under Section 1341 of the Affordable Care Act (“ACA”) for benefit years 2014, 2015 and/or 2016 (the “Takings Class”). This definition excludes any self-insured employee health and welfare benefit plans that received a full refund of all Transitional Reinsurance Contribution(s) paid to the Government for benefit year(s) 2014, 2015 and/or 2016.
No Filing Deadline at This Time
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A lawsuit was filed in the United States Court of Federal Claims alleging the Department of Health and Human Services improperly required self-administered, self-insured employee health and welfare benefit plans to make Transitional Reinsurance Contributions for benefit years 2014, 2015 and/or 2016 under the ACA (despite falling outside of the statutory language). It is impossible to predict the outcome, but money may become available to eligible class members if a settlement is reached with the U.S. Government and approved by the Court in the future.
*This Summary pertains to the Takings Class. There is, however, an additional class in this litigation which includes self-administered, self-insured employee
health and welfare benefit plans who were subject to the assessment and collection of the Transitional Reinsurance Contribution under the ACA for the benefit year of 2014 (the “Exaction Class”). Unlike many other class actions, you must have opted in to participate in this Exaction Class by December 19, 2022.
If a monetary settlement is obtained, information about it will be
available from Class Counsel. Please understand that you have the
right to file on your own if and when there is a monetary settlement.
This is not an official Court Notice. Information contained in this Summary is subject to change. Class Counsel or the Settlement Administrator may be contacted for additional settlement information. You also may visit the Court-approved website, once it is available. Please understand that you have the right to file on your own. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation.