News from Blue Cross on ACA Taxes and Fees

October 1, 2013 – To help finance health care reform initiatives created under the Affordable Care Act, the federal government established new taxes and fees that impact health insurers and customers. The Blues are committed to helping customers understand what the taxes and fees are for and what they will cost.

Regardless of the customer’s renewal or plan date, the Blues will begin billing fully insured customers for five ACA taxes and fees starting with Jan. 1, 2014, invoices.
Not all federal and state taxes apply to all segments. Customers will be billed for the applicable taxes and fees.

Your 2014 quotes, renewals and bills will include the amount of federal and state taxes you will need to pay. If you want a detailed breakdown of your taxes and fees, use our taxes and fees estimator tool at bcbsm.com. It now includes the State Insurance Premium Tax and the ACA federal taxes and fees.

To access the tool:
1.    Go to bcbsm.com.
2.    Go to Help and click on Calculators and Tools.
Under Health care reform, click on Health Insurance Tax Estimator.

Excerpted from BluesMarketplace Customer Edition, August 21, 2013