HRB 18 - Update: Early Retiree Reinsurance Program
Released September 1, 2010I Download as a PDF September 1, 2010
-- The Early Retiree Reinsurance Program (ERRP), established as part of the PPACA, is a program designed to encourage employers to establish or maintain retiree health coverage for their retirees, aged 55 to Medicare entitlement. The ERRP will pay the equivalent of up to 80% of an early retiree’s claim between $15,000 and $90,000. To be eligible for the program, an application must be filed with HHS; the application process opened on June 29, 2010.
For background information relating to ERRP, please refer to the prior CBIZ Health Reform Bulletins:
New ERRP Website and Hotline
HHS has recently unveiled a new secured website (www.ERRP.gov) for submitting and monitoring the status of ERRP applications. Employers and plan sponsors who have submitted their ERRP application can use the secure website to view and change application information; submit their retiree list, costs, and claims; and request payment for a portion of the costs of health benefits for early retirees and their dependents.
In addition, plan sponsors and employers can contact HHS with questions about the ERRP by way of a new hotline number: 877-574-3777 or 877-574-ERRP.
List of ERRP Participating Employers
Also available from the HealthCare.gov website is a list employers and unions participating in the ERRP, by geographic location, and by alphabetical list.
About the Author: Karen R. McLeese is Vice President of Employee Benefit Regulatory Affairs for CBIZ Benefits & Insurance Services, Inc., a division of CBIZ, Inc. She serves as in-house counsel, with particular emphasis on monitoring and interpreting state and federal employee benefits law. Ms. McLeese is based in the CBIZ Leawood, Kansas office.
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