ERRP update: it's time to make your move
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February 17, 2011
 In our last ERRP post, we noted that $1 billion of the original $5 billion in Early Retiree Reinsurance Program (ERRP) funds has been paid out. Now, according to an article this week in Business Insurance, the US Dept of Health and Human Services (HHS) estimates that $3.6 billion will have been paid out in fiscal 2011 (ending 9/30/11). That leaves only $1.4 billion for next year - and then it's gone.
So, if you're thinking about applying, it's time to make your move. The application process isn't as bad as it initially appeared. Our last ERRP post outlines how to go about it.
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| ERRP Funds are going fast, but employers still have time to act |
January 19, 2011
$1 billion of the original $5 billion has now been paid out under the Early Retiree Reinsurance Program (ERRP), according to an article this month in Business Insurance. We've been watching the ERRP since its inception (posts 1, 2, 3, 4) and didn't think the $5 billion allocation would last long. (Read more)
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| PPACA starting to impact retiree health plans |
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October 6, 2010
In the retiree benefits world, there is a general consensus that several provisions in the Patient Protection and Access to Care Act (PPACA) may cause employer sponsors of retiree health plans to rethink those programs. These changes include:
- Filling of the Part D "doughnut hole" (2010-2020)
- Guarantee issue insurance with no pre-existing condition exclusions (2014)
- Health insurance exchanges (2014)
(Read more)
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