• First Come, First Served New Early Retiree Reinsurance Program
  • May 20, 2010 | Authors: Thora A. Johnson; Gregory J. Ossi; Martha Jo Wagner
  • Law Firms: Venable LLP - Baltimore Office ; Venable LLP - Vienna Office ; Venable LLP - Washington Office
  • As part of the Patient Protection and Affordable Care Act, a new program was created to reimburse employers for certain medical expenses of retirees not yet eligible for Medicare. Employers that provide retiree medical benefits should be aware that the funding for this program is limited. In fact, the government is anticipating that it will have to stop accepting applications early in the process. Employers should be ready to file an application as early as June 1 -- the first day of this temporary reinsurance program.