White House Moves Forward With Retiree Health Insurance Subsidy

Seeking to win support for the new health care reform law from skeptical older Americans and business people, the White House on Tuesday announced that is moving forward promptly with a provision that would reimburse some of the claims for employer-based early retiree health care programs.

The new law includes $5 billion to reimburse employers for 80 percent of the cost of claims between $15,000 and $90,000 a year for retired workers aged 55 or older who are not eligible for Medicare. The money must be used to lower plan costs and/or reduce participant costs.

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Mary Swanton

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