CMS announced today that based on the amount of program funds remaining, the Early Retiree Reinsurance Program will stop accepting claims starting with claims incurred on or after January 1, 2012. Until further notice, CMS will continue to accept claims incurred on or before December 31, 2011, including those paid by the Plan after December 31, 2011. However, any claim list that is submitted to ERRP containing claims incurred by early retirees on or after January 1, 2012 will be rejected in its entirety, even if it includes claims incurred on or before December 31, 2011.
The Early Retiree Reinsurance Program is a program that reimburses employer-sponsored group health plans for qualifying claims paid on behalf of early retirees. The Program was created by the Affordable Care Act and was appropriated $5 billion in federal funding.