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The Affordable Care Act created an annual fee on certain health insurance providers beginning in 2014. On Nov. 26, 2013, the Treasury Department and IRS issued final regulations on this annual fee imposed on covered entities engaged in the business of providing health insurance for United States health risks.
The Affordable Care Act: A Summary of Fees and Taxes. The Affordable Care Act (ACA) imposes a range of new fees and taxes on health insurance issuers (e.g., Coventry health plans) and sponsors of. group health plans (e.g., employers). These fees and taxes are meant to offset some of the costs incurred by the federal government. A few key points: