An Update on the Affordable Care Act (ACA)

The ACA COOP program is on life support. Officially termed Consumer Operated and Oriented Plans, better known as COOPs, these member-run health insurance entities were initially instituted under the ACA to offer “competitive alternatives” to the traditional insurance company offerings of products.

SAP V GAAP: Affordable Care Act Assessment

According to Section 9010 of the Affordable Care Act, entities that issue health insurance must pay an annual fee one year (fee year) based on the amount of premium written in the prior year (data year). For a more extensive explanation of this fee see the post on SSAP 106.