Early Retirees in the Affordable Care Act Web Chat Today at 11:30 EST and See Info Below
The U.S. Department of Health and Human Services today issued regulations establishing the Early Retiree Reinsurance Program in the Affordable Care Act. This temporary program will make it easier for employers to provide coverage to early retirees. You can find more information about this important new program by going to their website at www.hhs.gov.
The Affordable Care Act includes $5 billion in financial assistance to employers to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare. The program will end in 2014, when Americans will be able to choose from additional coverage options through the health insurance exchanges.
Eligible employers can apply for the program through the Department of Health and Human Services. Applications will be available by the end of June. Both self-funded and insured plans can apply, including plans sponsored by private entities, state and local governments, nonprofits, religious entities, unions, and other employers.
If you want to learn more tune into the next Affordable Care Act web chat at healthreform.gov. Secretary Sebelius and Department of Commerce Secretary Gary Locke will host a web chat on the new Early Retiree Reinsurance Program Wednesday, May 5, at 11:30 A.M. EDT at www.healthreform.gov
The Interim final regulations with comment period were released in the Federal Regulations Vol. 75, No. 86, pg. 24450, May 5, 2010. Please find them attached.