Insurance help available for some early retireesWASHINGTON – Five North Dakota employers will soon receive federal assistance to help pay for health coverage for their early retirees.
By: Forum staff reports, INFORUM
WASHINGTON – Five North Dakota employers will soon receive federal assistance to help pay for health coverage for their early retirees.
The employers, who applied for admission into the program, are the first in North Dakota to be accepted into the U.S. Department of Health and Human Services Early Retiree Reinsurance Program.
North Dakota employers approved are: Noridian Mutual Insurance Company, Border States Industries, City of Fargo Health Trust, MDU Resources Group Health and Welfare Benefits Program and North Dakota Public Employees Retirement System.
Created by the Affordable Care Act, the program provides $5 billion in financial assistance nationally to employers to help them maintain coverage for early retirees 55 and older who are not yet eligible for Medicare.
The program is slated to end Jan. 1, 2014, when state health insurance exchanges are up and running.
For more information about the program, visit www.healthcare.gov/news/factsheets/early_retiree_reinsurance_program.html.