Rising 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. Many Americans who retire without employer-sponsored insurance and before they are eligible for Medicare see their life savings disappear because of exorbitant rates in the individual health insurance market.
The Early Retiree Reinsurance Program provides much-needed financial relief for employers so retirees can get quality, affordable insurance.
Note: As of May 5, 2011, the Department of Health and Human Services is no longer accepting applications for ERRP.