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City Council September 6, 2011 ERRP Presentation

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City of San Angelo Texas
City of San Angelo Texas

The Early Retiree Reinsurance Program (ERRP) provides temporary financial assistance to employer-sponsored health plans for retirees aged 55-64. The city applied for and was approved for the ERRP in 2010. Claims are reimbursed at 80% if over $15,000 for certain chronic conditions. Based on prior claims, estimated reimbursement for the city ranges from $91,217 to $383,915 for 2010-2011. Final approval is pending submission of eligible claims lists to the program administrator. Future funds received will be presented to the city council.

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Early Retiree Reinsurance Program Update September 6, 2011
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