Pink Fire Pointer Healthcare Reform Update - 5May2010

Healthcare Reform Update - 5May2010

Department of HHS Issues Interim Final Rule on Early Retiree Reinsurance Program
  • On Tuesday, the Department of Health and Human Services (HHS) released an interim final rule (with comment period) implementing the Early Retiree Reinsurance Program established by the new healthcare reform law.
  • The statement answers many of the questions plan sponsors have been asking about the program, such as eligibility, how to apply and the reimbursement process.
  • Under the program, employers can be reimbursed for up to 80 percent of the cost of medical claims between $15,000 and $90,000 for their early retirees. The money can be used to reduce premiums for retirees or for employers to keep their own costs in check.
  • The law set aside $5 billion to finance the program. The program takes effect June 1, 2010 and ends when all funds have been exhausted but no later than January 1, 2014.
  • For more information:
  • Read the HHS final rule: