Please visit the new New York Health Benefit Exchange website for updated information, listing of events and more.
Benefits of Health Care Reform for Early Retirees
The health care reform law creates a temporary reinsurance program (until the Exchanges are available) which provides assistance to employers and sponsors of multi-employer plans to help offset the costs of claims for early retirees age 55 and older who are not eligible for Medicare. Program participants must use any payments received under the program to improve plan benefits or reduce premiums. Employers must apply to the federal government to participate in this program.
New applications for this program will be accepted through May 5, 2011. (Details about this deadline are available on the federal Early Retiree Reinsurance Program website.) The application is available at the U.S. Department of Health and Human Services website.
Additional information on the early retiree reinsurance program is available from the following sources:
- U.S. Department of Health and Human Services Early Retiree Reinsurance Program Website
- Healthreform.gov Fact Sheet on the Early Retiree Reinsurance Program
- White House Fact Sheet on the Early Retiree Reinsurance Program
- White House Fact Sheet: Early Benefits from the Affordable Care Act of 2010 Reinsurance Program for Early Retirees (PDF)
- Presentation Slides on the Early Retiree Reinsurance Program from the U.S. Department of Health and Human Services (PDF)