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RDS Program helping employers keep retirees prescription drug benefits covered.

by Rob Stipek on Dec 9, 2010

In March 2010, President Obama established the Affordable Health Care Act as part of the new Health Care reform bill. One of the more valuable aspects of the bill has been the Early Retiree Reinsurance Program (ERRP). This temporary program is very important to well over 4000 employers who are looking to use subsidy dollars to reduce the costs of their early retirees' health care. What many of these employers may not know is that there is yet another subsidy program available to assist keeping retirees' health care costs down. It just so happens that this program is permanent, covers retirees and their spouses, and is what ERRP has been modeled after.

This beneficial and maybe somewhat overlooked program is Retiree Drug Subsidy Program (RDS Program). RDS is a program that has been around for a much longer time that ERRP, and for employers that have taken advantage of it, RDS has helped employers keep retirees prescription drugs covered. All employer want their...Read More >>



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