A program for the reimbursement of participating plan sponsors who provide health coverage to early retirees (known as the early retiree reinsurance program) was created by the recent health care reform legislation. This program allows certified plan sponsors to receive reimbursement for 80% of a plan's annual claims that exceed $15,000 but do not exceed $90,000 for each early retiree.
HHS has posted FAQs clarifying many details of the program. Also posted are the application form and instructions. The posted application and instructions do offer some new insights into the program; however, more clarification is needed.
Click here to read the FAQs.
Click here to view the draft application.
Click here to read the instructions for the draft application.
