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By Rob Stipek on Jan 10, 2011 |Finance
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As many start submitting for Early Retiree Subsidy dollars many may be finding that they are not getting back the predicted amounts they were expecting. There are many requirements that plan sponsors need to be aware of to ensure that a full amount of subsidy money is received. ERRP is still going through a phase where everything is still being established and new guidance is continuing to come out. Even as of December 30th, Health and Human Services issued further Q & A guidance on cost reporting requirements, clarifying many questions pertaining to data aggregation.
RDS Services plans on addressing some of the issues that we have found to be overlooked by many plan sponsored during a informational webinar. This webinar will be presented through webex Tuesday January 18th, 2011 and will cover the following topics:
1. Handling “duplicate” claims
2. Quarterly submission limitations
3. Tracking changes in “early retiree” member status (i.e. death, surviving spouses, Medicare eligibility)
4. Reporting plan changes
5. Identifying incurred dates
6. Monitoring and reporting claim “adjustments” and “reversals”
7. Tracking claims between plan years (i.e. incurred in one period, paid in a subsequent period)
8. Accounting for “capitation” payments in an HMO
Human resource, risk management, finance personnel, and insurance carriers alike would all benefit from the webinar and are welcome to participate. For organizations who are not involved with early retiree reinsurance program, this presents a great opportunity to learn about it and find out the benefits that the program can have for you. The webinar is free and all who are interested are welcome to sign up. Please visit rdsservices.us for registration information.
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About Rob Stipek
Marketing Specialist at RDS Services LLC in Troy Michigan, Bachelors in Applied Arts from Central Michigan University. ERRP and RDS Program Expert
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