Last week, the HHS published an interim final rule for the new Early Retiree Reinsurance Program (should we call it ERRP?). In our first post on this, we noted that a lot was still unknown. There still is, but it's becoming clearer. The White House fact sheet says "Employers can use the savings …
FAS 106
GASB 45 Dental Benefits
GASB 45 covers a variety of OPEB (Other Post Employment Benefits) such as retiree medical, dental, and vision benefits. Although retiree medical insurance gets most of the attention and generally has some of the largest liabilities, dental coverage has the potential to create a significant liability …
The retiree health reinsurance gold rush
There's an intriguing provision in the new health care reform law for retiree medical plans: 80% reinsurance for each early retiree's claims between $15,000 and $90,000. The official summary is here. There's a fixed amount of money available for this, just $5 billion. When it's gone, it's …