U.S. News & World Report - More than 5,000 employers who maintain health care coverage for early retirees have collected $535 million from the federal government through the Early Retiree Reinsurance Program. The health reform bill promised up to $5 billion worth of subsidizes to employers that provide health insurance to retirees age 55 and older who are not yet eligible for Medicare. The program will reimburse employers for high retiree health care costs until health insurance exchanges become operational in 2014 or the funding is exhausted.
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