Sebelius to Announce Additional Employers and Unions Approved into Early Retiree Reinsurance Program
WASHINGTON--(BUSINESS WIRE)-- On Monday, October 4th at 3:00 PM, U.S. Health and Human Services Secretary Kathleen Sebelius will travel to Cranberry Township, Pennsylvania where she will meet with community leaders and employees of MSA (Mine Safety Appliances Company) to announce additional approvals for the Early Retiree Reinsurance Program. Created by the Affordable Care Act, the Early Retiree Reinsurance Program provides $5 billion in financial assistance to employers and unions to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare.
Businesses, other employers and unions that are accepted into the program will receive reimbursement for medical claims for early retirees and their spouses, surviving spouses, and dependents. Savings can be used to reduce employer health care costs, provide premium or out-of-pocket relief to workers, retirees, and families, or both. The program ends on January 1, 2014 when health insurance exchanges are up and running.
MSA, established in 1914 and based in Pittsburgh, manufactures safety products such as respirators, fire helmets and gas detection instruments designed to protect people.
|Kathleen Sebelius, Secretary of Health and Human Services|
|Monday, October 4, 2010|
|Mine Safety Appliances Company|
|1000 Cranberry Woods Drive|
|Cranberry Township, PA|
Note: All HHS press releases, fact sheets and other press materials are available at http://www.hhs.gov/news.
HHS Press Office
KEYWORDS: United States North America District of Columbia Pennsylvania
INDUSTRY KEYWORDS: Seniors Health Public Policy/Government Healthcare Reform Labor Public Policy White House/Federal Government Natural Resources Mining/Minerals Professional Services Insurance Consumer General Health Managed Care