Some Retirees Will Receive Aid to Pay Health Bills

[babylonsister]

Some Retirees Will Receive Aid to Pay Health Bills
By ROBERT PEAR
Published: May 4, 2010


WASHINGTON — The White House announced Tuesday that it would help pay medical bills for early retirees who have health insurance provided by their former employers.

The purpose of the temporary $5 billion program, authorized by the new health care law, is to reverse the erosion of employer-sponsored insurance.

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The administration said its goal was to provide “as much relief as possible as soon as possible” to employer-sponsored health plans.

Under the program, the federal government can reimburse employers for 80 percent of the cost of claims from $15,000 to $90,000 a year for a retired worker who is 55 or older and not eligible for Medicare.

The program will run from June 1 of this year to Jan. 1, 2014, when many early retirees, like millions of other Americans, will be able to enroll in health plans offered through new state-based markets known as insurance exchanges.

more...

http://www.nytimes.com/2010/05/05/us/politics/05health.html?hpw

[Clio the Leo]

1. Kick! NT

[flpoljunkie]

2. Good news!

[Cha]

3. Good on them!