New York – Early Retiree Reinsurance Program
Rising health care costs have made it difficult for employers to provide quality, affordable health insurance for workers and retirees while also remaining competitive in the global marketplace. The percentage of large firms providing workers with retiree health coverage has dropped from 66 percent in 1988 to 29 percent in 2009.1 Health insurance premiums for older Americans are over four times more expensive than they are for young adults,2 and the deductible these enrollees pay is, on average, almost four times that for a typical employer-sponsored insurance plan.3
The Affordable Care Act creates a new program called the Early Retiree Reinsurance Program to help address this challenge that employers and older employees are facing. 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 relief to workers and families, or both. Applicants who are approved into the program receive reinsurance for the claims of high-cost retirees and their families (80 percent of the costs from $15,000 to $90,000). The program ends on January 1, 2014 when State health insurance Exchanges are up and running.
HHS has approved the following sponsors from New York. More applications are being approved each day.
- 1199SEIU Natl Benefit Fund For Health and Human Service Employees
- Adirondack Community College
- Advance Publications, Inc.
- Afton Central School
- AFTRA Health Fund
- Albany International Corp.
- Albany Schoharie Schenectady Counties Board of Coop Ed Servs
- Allegany County
- AMCU & RFSEU LOCAL 342 WELFARE FUND
- American Express Company
- American Federation of Teachers
- American International Group, Inc.
- Amherst Central School District
- ARLINGTON CENTRAL SCHOOL DISTRICT
- Arrow Financial Corporation
- Asbestos Workers Syracuse Welfare Fund
- ASSOCIATED PRESS
- Assurant, Inc.
- Attica Central School
- Auburn Enlarged City School District
- Avon Central School District
- Avon Products, Inc
- Bainbridge Guilford Central High School
- Ballston Spa Central School District*
- Barclays Bank PLC*
- Bath Central School
- Bausch & Lomb, Incorporated
- BAY SHORE U F S D
- Bedford School District
- Bergmann Associates, Inc.
- Berne Knox Westerlo Central School District
- Binghamton City School District
- Board of Cooperative Education BOCES Broome Delaware Tioga
- Board of Cooperative Educational Services First Supervisory District of Monroe
- Board of Education
- Board Of Education City School City Of Rochester
- Board of Trustees - UNITE HERE National HealthFund
- BOARD OF TRUSTEES LOCAL 21 WELFARE FUND
- Board of Trustees of Local 295/851 Employer Group Welfare Fund
- Bradford Central School Dist
- Bricklayers and Allied Craftworkers Local 5 NY Welfare fund
- Bricklayers and Allied Craftworkers Local No. 3 New York Niagara Falls-Buffalo Chapter Health & Welf
- Bricklayers and Allied Craftworkers NY Local 3 Welfare Fund
- Bricklayers Insurance and Welfare Fund
- Brighton Central School District
- Bristol-Myers Squibb Company
- British Airways plc
- Broadalbin Perth Central School District
- Brockport Central School District
- Brookhaven Science Associates, LLC
- Buffalo Municipal Housing Authority
- Buffalo Public School District
- Building Services 32BJ Health Fund
- Byron-Bergen Central School District
- Cahill Gordon & Reindel LLP
- Canandaigua City School District
- Capital Area Schools Health Insurance Consortium (CASHIC)
- Capital District Transit System #1
- Catskill Area Schools Employee Benefit Plan
- Cattaraugus Countyy
- Cattaraugus/Allegany BOCES
- Cayuga-Onondaga Area School
- CBS Corporation
- Cement Masons' Local 780 Trust Fund
- Central Hudson Gas & Electric Corporation
- Central New York Laborers' Health & Welfare Fund
- Central School District #1 Towns of Wolcott, Butler, Huron, Rose, Sodus
- Central Southern Tier Health Care Plan Trust
- Chauttauqua County School Districts' Medical Health
- Cheektowaga Central School District
- Chenango Forks Central School District
- Church Pension Group Services Corporation ("CPGSC")
- Churchville Chili Central School District
- City of Albany
- City of Amsterdam
- City of Auburn
- City of Batavia
- City of Binghamton
- City of Buffalo Office of Comptroller
- City of Canandaigua
- City of Cohoes
- City of Fulton
- City of Geneva
- City of Glens Falls
- City of Gloversville
- City of Jamestown
- City of Johnstown
- City of Lockport
- City of Mechanicville
- City of New York
- City of Niagara Falls
- City of North Tonawanda, NY
- City of Ogdensburg
- City of Oneonta
- City of Plattsburgh*
- City of Rochester
- City of Rome*
- City of Schenectady
- City of Syracuse, New York
- City of Troy, New York
- City of Utica*
- City of Watertown
- City of Watervliet
- City ot Rye
- City School District of Albany
- City School District of Batavia NY
- City School District of the City of Corning
- City School District of the City of Norwich
- Civil Service Employees Association, Inc.
- Clarkson University
- Claxton-Hepburn Medical Center
- Clinton Central School
- Clinton County Government
- Clinton-Essex-Warren-Washington BOCES
- Clyde Savannah Central School
- CNY Centro Inc.
- Colgate University
- Colgate-Palmolive Company
- Columbia County
- Columbia Memorial Hospital
- Columbia-Greene Community College
- Consolidated Edison Company of New York, Inc.
- Continental Grain Company
- Cornell University
- Corning Incorporated
- Cortland County
- County of Albany
- County of Broome
- County of Cayuga
- County of Chautauqua
- County of Chemung
- County of Dutchess
- County of Genesee
- County of Greene
- County of Jefferson
- COUNTY OF LIVINGSTON
- County of Onondaga
- County of Ontario
- County of Oswego
- County of Rockland
- County of Schuyler
- County of St. Lawrence
- County of Steuben Treasurers Office
- County of Suffolk
- County of Ulster
- County of Westchester
- Cravath, Swaine & Moore LLP
- Credit Suisse (USA) Inc
- Crouse Health Hospital, Inc., dba Crouse Hospital
- Dalton-Nunda Central School District
- Dansville Central School District
- Davis Polk & Wardwell LLP
- DC 37 Cultural Institutions Health & Security Plan
- Debevoise & Plimpton LLP
- DELAWARE COUNTY
- Delaware-Chenango-Madison-Otsego BOCES
- Depew Union Free School District
- Deutsche Bank Americas Holding Corp
- District Council 1707 Local 95 Head Start Employee Welfare Fund*
- District Council 37 Health & Security Plan
- District Council 37 New York Public Library Health & Security Plan
- Division 1181 ATU - New York Welfare Fund
- DLI & Franklin Central School
- Dow Jones & Company
- Dow Jones Local Media Group
- Downsville Central School District
- Dundee Central School
- Dutchess Educational Health Insurance Consortium
- East Bloomfield Central School District
- East End Health Plan
- East Irondequoit Central School
- Eastman Kodak Company
- ECR lnternational, Inc.
- Einhorn Yaffee Prescoff, Architecture and Engineer
- Elba Central School
- Elmira City School District
- EmblemHealth Services Company
- Emigrant Bank
- Engineers Joint Welfare Fund
- EQUITY LEAGUE HEALTH TRUST FUND
- Essex County Government
- Evans-Brant Central School District*
- Excavators Union Local 731 Welfare Fund
- Excellus Health Plan, Inc
- Fairport Central School District
- FINCH PAPER LLC
- Finger Lakes Community College
- Fonda Fultonville Central School District
- Franklin County County Treasurer
- Franklin-Essex-Hamilton BOCES
- Fulton City School District
- Fulton Savings Bank
- Gananda Central School District
- Gaylord Brothers, Inc.*
- GCIU Local 119B, NY-Printers League Welfare Trust
- General Building Laborers Local 66 Welfare Fund
- Genesee-Livingston-Steuben-Wyoming
- Geneseo Central School
- Gernatt Asphalt Products Inc*
- Gibraltar Steel Corporation of New York*
- Gilbertsville-Mount Upton Central School
- Gloversville School District
- Gloversville-Johnstown Joint Wastewater Treatment Facility
- Greater Amsterdam School District
- Greater Johnstown School District
- Greater Tompkins County Municipal Health Insurance Plan Administrator*
- Greece Central School District
- Greene Central School District
- Greenport Union Free School District
- Guardian Life Insurance Company of America
- Guilderland Central School District
- Half Hollow Hills 11-6002971
- Hamilton College
- Hamilton County
- Hamilton-Fulton-Montgomery BOCES*
- Hancock Central School District
- Hannibal CTRL School District
- Hardinge, Inc.
- HarperCollins Publishers
- Harpursville Central School District
- Haverstraw-Stony Point Central School District
- Health & Benefit Trust Fund of the I.U.O.E. Local 94, 94A, 94B AFL-CIO
- HEALTH & WELFARE FUND OF LOCAL UNION 373
- HealthNow New York, Inc.
- Herald Publishing Co, LLC
- Herkimer County
- Herkimer County Community College
- Herkimer-Fulton-Hamilton-Otsego BOCES
- Hess Corporation
- Hilton Central School District
- Hofstra University
- Holland Patent Central School*
- Honeoye Central School District
- Horace Mann School*
- Horseheads Central School District
- Hudson Valley Federal Credit Union*
- I.B.E.W. LOCAL 25 HEALTH & BENEFIT FUND
- I.B.E.W. Local No. 241 Welfare Fund
- I.U.O.E. LOCAL 30 BENEFITS FUND
- IBEW Local 1249 Insurance Fund
- IBEW LOCAL 236 HEALTH & BENEFIT FUND PLAN
- IBEW Local 325 Joint Trust Fund
- IBEW Local 43 and Electrical Contractors Health and Welfare Fund
- IBEW Local 86 Insurance Fund
- IBEW Local Union 237
- IBEW Local Union 363 Welfare Fund
- Industry and Local 338 Welfare Fund
- Interfaith Medical Center
- International Business Machines Corporation ("IBM")
- International Flavors & Fragrances Inc.
- Int'l Assoc of Heat & Frost Insl and Asbestos Wkrs
- Iron Workers Dist Council oF West NY & VIC Welfare Fund, Board of Trustees
- Iron Workers Locals 40, 361 and 417 Health Fund
- ITT Corporation
- Jamestown Board of Public Utilities
- Jefferson Lewis Et al. School Employees' Healthcare Plan
- John D. Brush & Co., Inc./ DBA: Sentry Group
- Johnson City Central School Di
- JPMorgan Chase & Co.
- Kaleida Health Inc.
- Katonah-Lewisboro School District
- KAYE SCHOLER LLP
- Keller Technology Corporation
- Kendall Central School
- KeySpan Corporation
- King Kullen Grocery Co., Inc.
- Kingston Trust Fund
- KLM Royal Dutch Airlines
- L-3 Communications Retiree Medical Plan
- Labor- Management Healthcare Fund
- LABORERS INTL UNION OF N A WELFARE FUND LOCAL 754
- Laborers Intl Union of North America Local 322
- Laborers' Local 1000 Welfare Fund
- Laborers Local 17 Health Benefit Fund
- Laborers Local No. 91 Welfare Fund
- Laborers Welfare Fund of Local 186
- Lake Placid Village, Inc.*
- Lancaster Central School District
- LAPP INSULATORS LLC
- Leadership Directories, INC.
- LeRoy Central School
- Letchworth Central School
- Leviton MFG CO INC
- Lewis County
- Liberty Central School District
- Livonia Central School
- LOCAL 153 HEALTH FUND
- Local 282 Welfare Trust Fund
- LOCAL 342 HEALTH CARE FUND
- LOCAL 342 HEALTH CARE FUND PLAN Z
- Local 580 Insurance Fund
- Local 73 Health and Welfare Fund
- LOCAL 804 WELFARE TRUST FUND
- Local 812 Health Fund
- Loews Corporation
- Long Island University
- Loral Space & Communications Inc.
- Lufthansa German Airlines
- Luvata Buffalo, Inc.
- Lyons Central School District
- Madison-Oneida BOCES
- Mafco Consolidated Group LLC
- MANAGEMENT-ILA MANAGED HEALTH CARE TRUST FUND
- Manchester-Shortsville Central School
- Manufacturers and Traders Trust Company
- MARCH OF DIMES FOUNDATION
- MARCUS WHITMAN CENTRAL SCHOOL GORMAN MIDDLESEX CS
- Marion Central School District
- Marist College
- Marsh & McLennan Companies, Inc.
- Mason Tenders District Council Welfare Fund
- Mayfield Central School District
- McKinsey & Company, Inc.
- Memorial Sloan-Kettering Cancer Center
- Metal Lathers Local 46 Trust Fund
- Metal Trades Branch Local 638 Hospital and Welfare
- Middle Country Central School District
- Milbank, Tweed , Hadley & McCloy LLP 13-5533689
- MINERALS TECHNOLOGIES INC.
- Mitsubishi International Corporation
- Mitsui & Co. (U.S.A.) Inc.
- Mohawk Fine Papers Inc.
- Mohawk Valley Community College
- Monroe 2-Orleans BOCES
- Monroe Community College
- Monroe County
- Monroe County Ridge Road Fire Dist
- Monroe County Water Authority
- Montgomery County
- Moog, Inc.
- Morgan Stanley & Co. Incorporated
- Mosaic & Terrazzo Welfare Fund*
- Mt. Morris Central School District
- MTA Metro-North Railroad
- Municipal Employee Benefit Consortium
- Municipal Housing Authority Of Schenectady
- N Y STATE DEPARTMENT EDUCATION
- N.O.I.T.U. Insurance Trust Fund
- Naples Central School
- National Grid USA Service Company, Inc.
- National Music Publishers' Association, Inc.
- New Coleman Holdings Inc.
- New Hartford Central School
- New York Central Mutual Fire Insurance Company*
- New York City District Council of Carpenters Welfare Fund
- New York City Transit Authority ("The Authority")
- New York Life Insurance Company
- New York Public Library, Astor, Lenox, and Tilden Foundation
- New York State Congress 03-377 Sandy Creek PTSA
- NEW YORK STATE DEPARTMENT OF EDUCATION DISTRICT 1
- New York State Teamsters Council Health and Hospital Fund
- New York State United Teachers
- New York University
- Newark Central School District
- Newspaper Guild of New York - The New York Times Benefits Fund
- NewYork-Presbyterian Hospital
- Niagara County
- Niagara County Community College*
- Niskayuna Central School District
- Nixon Peabody LLP
- North Colonie Central School District
- North Syracuse Central Schools
- Northeastern New York District Council Pipefitters Welfare Fund
- NY State Department of Education Caledonia Mumford C S
- NY State Dept Education West Irondequoit Central School Dis
- NY State Dept. of Education District
- NY44 Health Benefits Plan Trust
- NYSE Group Inc.
- Oakfield-Alabama Central School
- Olympic Regional Development Authority
- Oneida County
- Oneida-Herkimer-Madison BOCES
- Onondaga-Cortland-Madison BOCES
- Oppenheim Ephratah School
- Orange and Rockland Utilities, Inc.
- Orange Regional Medical Center
- Oriskany Central School Dist*
- Orleans Niagara BOCES
- OSG Ship Management, Inc.
- Ossining UFSD
- Oswego City School District
- Oswego County BOCES
- Otego-Unadilla Central School, District 1
- Otsego County
- Otselic Valley Central School District
- OUSDHP
- Owego-Apalachin Central School District
- Oxford Central School District #1
- Painting Industry Insurance Fund
- Palmyra-Macedon Central School District
- Panasonic Corporation of North America
- Pavers and Road Builders District Council Welfare Fund
- Pavilion Central School
- Paychex, Inc.
- Pembroke Central School District
- Penn Yan Central School District
- Pension, Hospitalization and Benefit Plan of the Electrical Industry
- PepsiCo, Inc.
- Pernod Ricard USA LLC*
- Perry Central School
- Pfizer Inc.
- Phelps-Clifton Springs Central School District No 1
- Plattsburgh Housing Authority
- Plumbers & Steamfitters Local 267 Insurance Fund
- Plumbers Local 112 Welfare fund
- Plumbers Local Union No. 1 Welfare Fund
- PMI Global Services Inc
- POINTERS CLEANERS & CAULKERS-66 INSURANCE & WELFARE FUND
- Power Authority of the State of New York
- PPSTA Trust Fund
- Preferred Mutual Insurance Company
- Publishers'- Pressmen's Benefits Fund
- PULASKI ACADEMY AND CENTRAL SCHOOL DISTRICT
- Putnam/Northern Westchester Health Benefits Consortium
- Rabobank Nederland
- Red Creek Central School District
- Rensselaer Columbia Greene Health Insurance Trust
- Rensselaer County
- Research Foundation of The City University of New York
- Rich Products Corporation
- Road Carriers Local 707 Welfare Fund
- Rochester Genesee Regional Transportation Authorit*
- Rochester Institute of Technology
- Rockefeller Health and Welfare Benefits Trust*
- Rolex Watch USA., Inc.
- Romulus Central School District
- Rotterdam-Mohonasen Central School District
- Royalton Hartland Central School District
- Rush-Henrietta Central School District
- Saint John's University
- Saratoga County
- Saratoga Springs City School District*
- Scarsdale Union Free School District
- Schalmont Central School District 14-6011798
- Schenectady City School District*
- Schenectady County
- Schoharie Central School District
- School District of Alexander NY State-Alexander Central School
- Scotia-Glenville Central School District
- Seneca Falls Central School District
- Sharon Springs Central School District
- Sheet Metal Workers Health Fund 46
- Shenendehowa Central School District
- Skadden, Arps, Slate, Meagher & Flom LLP
- Skidmore College
- SMWIA Local Union No. 28 Welfare Fund
- Sodus Central School
- Sony Electronics Inc
- Spencerport Central Schools
- Springs Elemenrty School School District 4
- St- Lawrence-Lewis BOCES
- St. John's Riverside Hospital
- Starpoint Central School District
- State of New York
- State-Wide Schools Cooperative Health Plan
- Steamfitters' Industry Welfare Fund
- Stewart’s Shops Corp
- Suffolk School Employees Health Plan
- Swiss Re America Holding Corporation
- Syracuse City School District
- Syracuse University
- Teachers Federal Credit Union
- Teamsters Local 210 Affiliated Health and Insuranc
- Telescope Casual Furniture, Inc.
- The City of Saratoga Springs
- The College of Saint Rose
- The Depository Trust & Clearing Corporation
- The Dyson-Kissner-Moran Corporation*
- The Gleason Works 16-0450130
- The Interpublic Group of Companies, Inc.
- The Jockey Club
- The Local 7 Tile industry Welfare Fund
- The McGraw-Hill Companies, Inc.
- The Ministers and Missionaries Benefit Board
- The New York Hospital Medical Center of Queens
- The New York Racing Association, Inc.
- The New York Times Company
- The NPD Group, Inc.
- The Raymond Corporation
- The Research Foundation of State University of New York
- The Segal Group, Inc. (Eastern States)
- The South Jefferson Central School District
- The Town of Hamburg
- The Turner Corporation
- Theatrical Teamsters Local 817 Welfare Fund
- Thomson Reuters Holdings
- Tiffany and Company
- Tioga County
- Tompkins Financial Corporation
- Tompkins-Seneca-Tioga BOCES
- Tonawanda City School District
- Towers Watson Delaware, Inc.
- Towers Watson Pennsylvania, Inc.
- Town of Bethlehem
- Town of Camillus*
- Town of Cheektowaga State of New York
- Town of Clay
- Town of Clifton Park
- Town of Colonie
- Town of Grand Island*
- Town of Halfmoon
- Town of Irondequoit*
- Town of Keene Office of Treasurer
- Town of Long Lake
- Town of Massena DBA Massena Memorial Hospital
- Town of Milton
- Town of Minerva Office Of Supervisor
- Town of Moreau
- Town of Moriah*
- Town of North Elba
- Town of Ogden
- Town of Queensbury
- Town of Rotterdam
- Town of Schodack
- Town of Southold
- Town of Ticonderoga*
- Town of Tonawanda
- Town of Vestal
- Town of Warrensburg
- Town of Whitestown
- Town/Village of Harrison
- Toyota Tsusho America, Inc.
- Trustees of Columbia University
- UA Local No. 7 Welfare Plan
- Unadilla Valley Central School
- Uniland Development Corporation*
- Union Free School District 6
- UNITE HERE
- United Teamster Fund
- United Welfare Fund of Amalgamated Local Union 355
- Unity Health System
- University of Rochester
- Upstate Union Health and Welfare Fund
- Utica College
- Utica Mutual Insurance Company
- Vernon-Verona-Sherrill Central School District
- Victor Central School District
- Village Cooperstown
- Village of Canton
- Village of East Hampton
- Village of Endicott
- Village of Gouverneur
- Village of Green Island
- Village of Herkimer
- Village of Johnson City
- VILLAGE OF KENMORE
- Village of Ossining
- Village of Potsdam
- Village of Rockbille Centre INC*
- Village of Rouses Point
- Village of Sag Harbor
- Village of Saranac Lake, Inc.
- Village of Scotia
- Village of Tupper Lake
- Village-of Fairport
- Visant Holding Corp.
- Visions Federal Credit Union
- Voorheesville Central School District
- W Canada Valley Central School*
- Wachtell, Lipton, Rosen & Katz
- Walton Central School District
- Warren County
- Warsaw Central School
- Washington County
- Waterloo Central School District
- Wayland-Cohocton Central School District
- Wayne Central School District
- Wayne County Health Care Plan Trust
- Wayne-Finger Lakes BOCES
- Welch Allyn Holdings, Inc
- Welfare Fund of Local No. One, IATSE
- Westchester Community College
- Westchester County Health Care Corporation
- White & Case LLP
- Whitney Point Central School District
- Wildlife Conservation Society
- William Floyd Union Free School District
- Williamson Central School District
- Williamsville Central School District
- Windsor Central School District
- WSWHE Counties Health Insurance Consortium Trust
- Wyoming Central School District
- York Central School District
*New program participants as of May 24, 2011. List to be updated monthly.
[1] Kaiser / HRET. Employer Health Benefits: 2009 Survey.
[2] Center for Policy and Research. Individual Health Insurance 2009.
[3] Kaiser Family Foundation. 2010. Survey of People Who Purchase Their Own Insurance.