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Prepared for TIC by Mike Ewing, J.D.
Director of Research
United Actuarial Services, Inc.
(317) 580-8659
Fax (317) 580-8651
email: mewing@unitedactuarial.com
© United Actuarial Services, Inc. 2010
2010-33
May 5, 2010
HHS Releases Regulation On
Early Retiree Reinsurance Program
On May 5, 2010, the Department of Health and Human Services (HHS) published in
the Federal Register (75 FR 24450) an interim final rule on the Early
Retiree
Reinsurance Program established under the health care reform laws. It appears
that the two laws are being referred to collectively as “The Affordable Care Act” and
we adopt that terminology. The regulation as published in the Federal Register is
available by “clicking here” or at http://edocket.access.gpo.gov/2010/pdf/2010-
10658.pdf. A copy of just the regulation is available by “clicking here.”
HHS also released a revised Fact Sheet on the Early Retiree Reinsurance
Program which notes that the Early Retiree Reinsurance Program will
begin on June 1, 2010, in advance of the June 21 start date required by the
Affordable Care Act.
The details of the program are contained in the regulation, which is effective
June 1, 2010 and discussed below. The Fact Sheet mentioned above is available by
“
noting:
Employers who are accepted into the program will receive reinsurance
reimbursement for medical claims for retirees age 55 and older who are not
eligible for Medicare, and their spouses, surviving spouses and dependents.
Health benefits that qualify for
relief include medical, surgical, hospital,
prescription drug, and other benefits that may be specified by the Secretary
of HHS, as well as coverage for mental health services.
CLIENT BULLETIN