The Consolidated Omnibus Budget Reconciliation Act (COBRA) for fiscal year 2018 will adjust and increase several user fees. Of particular note is the increase in the Merchandise Processing Fee (MPF).
The increase in MPF is reflected below:
Minimum – $25.67 up from $25.00
Maximum – $497.99 up from $485.00
Informal – $2.05 up from $2.00
The rate of 0.3464% remains unchanged
The Federal Register notice, published last week indicates the adjusted fees will go into effect January 1, 2018.
Please contact Vandegrift with any questions regarding COBRA and the shift in user fees.