“Health Care Reform: Grandfathered Health Plan Regulations”
Business & Legal Reports, September 23, 2010
Amy Gordon was featured in a review of the health care reform law's reinsurance program to reimburse employers with retiree health care coverage for part of large claims filed by early retirees. Employers must apply to participate, and, Ms. Gordon said, "The first step is to get your application approved. Once that's done, you can start submitting claims." She cautioned about program funding, saying "There are some very large employers out there with retiree medical programs; this money will run out." Ms. Gordon also discussed the law's subsidy to employers that keep retiree prescription drug coverage, but that subsidy runs out in 2013 and, she added, "Some employers cannot eliminate the coverage, depending on the promises they made to the employees/retirees and on the plan provisions." Click here to view the full article.