The first round of applications has been approved for the Early Retiree Reinsurance Program, which provides temporary assistance to employers and unions to help make health care coverage more available to retired Americans. The program was created under the Affordable Care Act, the healthcare reform law enacted this spring.For a Limited Time receive a
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“In these tough economic times, the combination of rising healthcare costs and lower revenues has made it increasingly difficult for private companies, unions, nonprofits, religious organizations, and state and local governments to provide quality and affordable health coverage for their retirees,” said Secretary of Labor Hilda L. Solis. “… Access to affordable health insurance is not only a key component of retirement security but an important aspect of ensuring good jobs for everyone.”