Multiple employer plans (MEPs) and multiple employer welfare arrangements (“MEWAs”) allow workers greater access to retirement programs. However, the
The U.S. Departments of Labor, Treasury and Health and Human Services have issued proposed rules addressing the form and content of the summary of benefits and uniform glossary requirements of Section 2715 of the Patient Protection and Affordable Care Act (PPACA).
The U.S. Department of Health and Human Services has issued additional guidance on how a plan sponsor can demonstrate that it is not using reimbursements received under the Early Retiree Reinsurance Program as general revenue by maintaining the level of its contributions to the plan.
The government will no longer be accepting applications for the Early Retiree Reinsurance Program (ERRP) after May 5, 2011.
The Affordable Care Act ("ACA") provides $5 billion in financial assistance to employers, unions, and state and local governments to help them maintain health insurance coverage for early retirees age 55 and older who are not yet eligible for Medicare.
Recently, Congress threw a $5 billion financial lifeline to employers, unions and state and local governments struggling with the astronomical cost of providing health insurance coverage to "early retirees" through the creation of the Early Retiree Reinsurance Program (ERRP).
On February 4, 2009, the Children's Health Insurance Program Reauthorization Act of 2009 ("CHIPRA") was signed into law.
As discussed in our prior Alert, PPACA includes a temporary reimbursement program to reimburse employment-based plans for a portion of the cost involved in providing certain coverage to early retirees and their spouses, surviving spouses and dependents (the "Program").
The Patient Protection and Affordable Care Act(Act), signed into law on March 23, 2010, created the Early Retiree Reinsurance Program (ERRP) to provide $5 billion in financial assistance to employer health plans that offer coverage to early retirees.
The Early Retiree Reinsurance Program (the "Program") was established by Congress through the Patient Protection and Affordable Care Act (the "Affordable Care Act").