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, and risk corridors programs
have changed from what was previously estimated in the Premium
Stabilization Rule due to policy changes in the final HHS notice of
benefit and payment parameters for 2014. We have also updated the
burden we described in the draft Payment Notice information
collection notice published as part of the proposed Notice of
Benefit and Payment Parameters for 2014 (77 FR 73117) to reflect--
o policy changes that were finalized in the final HHS notice of
benefit and payment parameters for 2014, o the agency's most
current estimates of the reinsurance, risk adjustment, and risk
corridors operations, and o public comments on the information
collection that were received during the 60-day comment period. As
a result of these adjustments, we are reducing the total annual
burden estimate described in draft Payment Notice information
collection notice by 9,741,696 hours, which results in an estimated
total annual burden of 1,013,293 hours associated with the
requirements set forth in the final HHS notice of benefit and
payment parameters for 2014. This reduction reflects the following
modifications-- o an adjustment to our estimate of the burden
associated with the distributed data requirements under ?153.610
and ?153.700 to reflect only the incremental burden that was not
already accounted for in the information collection for the Premium
Stabilization Rule, addition of the burden associated with
submission of a masked enrollee ID number under the distributed
data approach set forth in ?153.610 and ?153.700, o the removal of
the burden associated with State operation of the risk adjustment
and reinsurance programs because we expect fewer than 10 states to
operate risk adjustment or reinsurance in the 2014 benefit year,
and o an increase in the number of reinsurance contributing
entities based on the Department of Labor's current estimate of the
number of self-insured plans.
$274,936
No
No
Yes
No
No
Uncollected
William Parham
4107864669
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_Revised.pdf
Data Validation Requirements When HHS Operates Risk Adjustment