State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
June 29, 2010
Early Retiree Reinsurance Program Applications Now Being Accepted
Applications for the Early Retiree Reinsurance Program (ERRP) are now being accepted, announced the Department of Health and Human Services’ Office of Consumer Information and Insurance Oversight (OCIIO).

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The program was created by the Affordable Care Act (ACA) "as a bridge to the new health insurance marketplace established by the Exchanges in 2014, this $5 billion program will provide much needed financial assistance for employers, including businesses, unions, state and local governments, and nonprofits, so retirees can get quality, affordable insurance."

The ERRP will reimburse employers for medical claims for retirees age 55 and older who are not eligible for Medicare, as well as their spouses, surviving spouses, and dependents. Employers, including state and local governments and unions, who provide health coverage for early retirees are eligible to apply.

Reimbursements will be available for 80 percent of medical claims costs for health benefits between $15,000 and $90,000. Furthermore, ERRP participants will be able to submit claims for medical care since June 1, 2010.

Applications and additional information about the Early Retiree Reinsurance Program can be found on OCIIO’s website.

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB01
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Healthcare-Insurance/Early-Retiree-Reinsurance-Program-Applications-Now/