CMS Halts New Applications for ACA Early Retiree Reinsurance Program (ERRP)
On April 5, CMS published a notice announcing it will stop accepting applications for the ACA ERRP program as of May 5, 2011, since the agency estimates it has approved a sufficient number of applications to exhaust program funding. If, on the other hand, the agency determines that additional funds are available based on pending applications, CMS may reopen the application process. According to a CMS related report, the ERRP has provided almost $1.8 billion in funding to more than 1,300 health plan sponsors that offer coverage to early retirees.
