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Blog Category: Reinsurance

Secretary Locke Joins HHS Secretary Sebelius for Web Chat on New Benefits in Affordable Care Act

Commerce Secretary Gary Locke joined Health and Human Services Secretary Kathlee

Image: HHS Web chat

Commerce Secretary Gary Locke joined Health and Human Services Secretary Kathleen Sebelius for a live Web chat today on a new reinsurance program that will help U.S. firms cover the health care costs of their early retirees. The program makes available $5 billion of financial assistance to businesses, state and local governments and unions to help them cover health care costs for those 55 and older not yet eligible for Medicare. The Web chat is available on-demand here. For more information, visit http://www.healthreform.gov/. (healthreform.gov en español) (White House health care Web site) (Fact sheet) (DOC May 4 release) (Secretary Sebelius May 4 release)

Secretary Locke Statement on New Affordable Care Act Reinsurance Program's Benefits for Employers

Comerce seal

The U.S. Department of Health and Human Services issued regulations establishing the Early Retiree Reinsurance Program in the Affordable Care Act. The new law provides $5 billion in financial assistance to employers to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare. Employers can use the savings to either reduce their own health care costs, provide premium relief to their workers and families, or a combination of both. (More) (White House blog) (Fact sheet)