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ERRP Funds Hitting Kentucky Announced

August 31st, 2010 · 1 Comment

Today the U.S. Department of Health and Human Services announced that tons of Kentucky businesses, unions and government organizations have been accepted into the Early Retiree Reinsurance Program. The program helps maintain coverage for early retirees aged 55+ who aren’t yet eligible for Medicare. Those accepted receive reimbursement for medical claims.

“In these tough economic times, it is difficult for employers to keep up with skyrocketing health care costs for employees and retirees. Many Americans who retire before they are eligible for Medicare see their life savings disappear because of medical bills and exorbitant rates in the individual health insurance market,” said Health and Human Services Secretary Kathleen Sebelius. “The Affordable Care Act’s Early Retiree Reinsurance Program will make it a little easier for employers to provide high-quality health benefits to their retirees as we work to put in place market reforms to lower costs for all.”

Those accepted during the first round in Kentucky:

  • AFL-CIO Health & Welfare Fund
  • Commonwealth of Kentucky
  • EON U.S. LLC
  • Glass, Molders, Plastics International Union
  • Kentucky Education Association
  • Kentucky Laborers District Council Health & Welfare Fund
  • LBCE HOLDINGS, INC
  • Lexmark International, Inc.
  • Lexmark International, Inc.
  • Plumbers & Pipefitters Local 502 Health and Welfare Fund
  • Plumbers and Steamfitters Local Union No. 248 Health & Welfare Fund
  • Uranium Disposition Services, LLC
  • YUM! Brands, Inc.
  • Zeon Chemicals L.P.

“There has been a tremendous amount of interest from businesses and organizations from across Kentucky since the Early Retiree Reinsurance Program was announced just a few months ago,” said Sebelius. “Nationally, we have received applications from more than 50 percent of Fortune 500 companies, all major unions, and government entities in all 50 States and the District of Columbia, and we are delighted to be able to notify our first round of successful applicants here today.”

The teabaggers will not like this. Republican mega-corps getting our tax dollars to pay their retirees? Surely not.

Tags: Economy · Health Care · Jobs · Kentucky Business · Labor · Taxes

1 response so far ↓

  • 1 Noah // Aug 31, 2010 at 9:15 pm

    No I don’t like it one bit. What about the independent businessman who’s struggled all his life to pay for health care out of pocket?