How will the early retiree reinsurance program work?
The early retiree reinsurance program will pay employer-based plans 80 percent of the cost of certain claims between $15,000 and $90,000 for early retirees, their spouse and dependent, between the age of 55 and 64.
The program began in July 2010. Details and directions about how employers can apply are posted on the new Health and Human Services web portal.
For more information about our efforts to help customers apply for early retiree reinsurance, see our Early Retiree Reinsurance Program Reform Alert.