The reinsurance program, risk corridors program, and risk adjustment program support the effective functioning of the American Health Benefit Exchanges ("Exchanges"), which will become operational by January 1, 2014. The program also mitigate the negative impacts of adverse selection and market uncertainty.
As detailed above, certain burden estimates for information collection requirements associated with the reinsurance, risk adjustment, risk corridors, premium tax credit, cost-sharing reduction, and user fee programs would change from what was previously estimated in the Premium Stabilization Rule and 2014 Payment Notice due to the proposed policy changes in the proposed HHS notice of benefit and payment parameters for 2015. We have also updated burden to reflect our most current estimates of program operations, including increasing our estimate of the number of risk adjustment covered issuers in the individual and small group insurance market.
No
No
Yes
No
No
Uncollected
Jamaa Hill 301 492-4190
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
CMS-10401 - 3Rs Supporting_Statement 2015 PN Oct 17.pdf
Confirmation of Interim Reports (153.710)