Healthcare Reform: How To Take Advantage of the Early Retiree Reinsurance Program

Description

Under the new Early Retiree Reinsurance Program (ERRP) program in the Patient Protection and Affordable Care Act, employers can take advantage of new subsidies designed to keep employer early retiree health benefit programs going. Most experts agree that the timeframe is short for submitting your application as the HHS will limit the number of applications before summer’s end, so it is imperative that you act now before it is too late

Under the new Early Retiree Reinsurance Program (ERRP) program in the Patient Protection and Affordable Care Act, employers can take advantage of new subsidies designed to keep employer early retiree health benefit programs going. Most experts agree that the timeframe is short for submitting your application as the HHS will limit the number of applications before summer’s end, so it is imperative that you act now before it is too lateThis interactive webinar will help you take advantage of this program to provide reimbursement for costs of retired employee insurance claims that meet certain eligibility criteria. You also take away tips and checklists that will give you an edge over other applicants.

Learning Points:

  • The eligibility criteria and related issues
  • The application process and deadlines
  • The reimbursement formula and related reimbursement issues
  • The rules concerning a change of ownership
  • As an added bonus, you’ll receive a checklist to assist you in taking advantage of the ERRP program

 

Recording Date

15 Jul 2010

Speakers

Eugene Holmes is a Senior Counsel in the Washington, D.C. office of Proskauer Rose LLP. Eugene’s practice focuses on a broad range of employee benefit issues, including counseling clients on all aspects of pension and health and welfare plan administration, mergers and acquisitions, reduction in force initiatives and government audits. He has extensive experience in issues relating to tax qualification of defined contribution and defined benefit retirement plans, employee benefit plan design and structure and participant communications. Eugene works with a variety of national and international public and private companies. He has assisted clients with extensive employee benefit plan compliance reviews, plan design, compliance and termination issues related to corporate transactions and employee benefit plan restructuring and consolidation issues resulting from employer workforce change. In addition, Eugene has written a number of articles and frequently lectures on various employee benefit issues.

James R. Napoli is a Senior Counsel in in the Washington, D.C. office of Proskauer Rose LLP. Jim counsels employers on all aspects of their employee benefit programs, including matters affecting tax-qualified retirement plans such as: 401(k) plans and defined benefit plans, including cash balance plans; executive compensation plans; and welfare benefit plans. Recognized by US Legal 500 as a leading lawyer in his field, Jim maintains an active controversy practice that includes advising clients on ERISA fiduciary matters and related litigation, as well as government compliance. Jim partners with clients to assist them in the design, implementation and maintenance of their employee benefit programs. Jim routinely negotiates administrative services agreements, investment management agreements, and various other forms of agreements that establish relationships between employers, ERISA fiduciaries, employer sponsored plans and their service providers. He is experienced in representing clients before the Internal Revenue Service, Department of Labor and Pension Benefit Guaranty Corporation. This experience includes his work on the Chrysler retiree medical prohibited transaction exemption currently proposed by the Department of Labor.

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