The Conservative Cave

Current Events => The DUmpster => Topic started by: Freeper on December 11, 2012, 08:48:41 PM

Title: 0bama Steve gets 0bama money.
Post by: Freeper on December 11, 2012, 08:48:41 PM

Quote

Omaha Steve (34,149 posts)

I just got a $100.13 credit on my pay check from Obamacare I didn't know about! (ERRP)


 

I have no idea this was coming. Is anybody up to speed on this for a quick explanation? The City of Omaha is self insured for healthcare. Since I pay for a portion of my insurance, I assume the reduced cost to the city is shared among those in the program.

http://www.gpo.gov/fdsys/pkg/FR-2012-03-21/pdf/2012-6728.pdf

The Patient Protection and Affordable
Care Act (Pub. L. 111–148, enacted on
March 23, 2010) (the Affordable Care
Act), included a provision that
established the temporary Early Retiree
Reinsurance Program (ERRP) which
provides reimbursement to eligible
sponsors of employment-based plans for
a portion of the costs of providing
health coverage to early retirees (and
eligible spouses, surviving spouses, and
dependents of such retirees), during the
period beginning on the date on which
the program is established, and ending
on January 1, 2014.


Consistent with section 1102(c)(4) of
the Affordable Care Act, the rule at 45
CFR 149.200 states:
A sponsor must use the proceeds under
this program to—(1) reduce the sponsor’s
health benefit premiums or health benefit
costs, (2) reduce health benefit premium
contributions, copayments, deductibles,
coinsurance, or other out-of-pocket costs, or
any combination of these costs, for plan
participants, or (3) reduce any combination
of the costs in (a)(1) and (a)(2) of this section.
Proceeds under this program must not be
used as general revenue for the sponsor.

http://www.democraticunderground.com/10021964097

That's a lot of mini tacos and beer.  :-)

Title: Re: 0bama Steve gets 0bama money.
Post by: Big Dog on December 11, 2012, 08:53:03 PM

Quote from: Freeper on December 11, 2012, 08:48:41 PM

http://www.democraticunderground.com/10021964097

That's a lot of mini tacos and beer.  :-)

Better spent on mouthwash and talcum powder, but we know that ain't happening.

Title: Re: 0bama Steve gets 0bama money.
Post by: jukin on December 11, 2012, 09:20:43 PM

I got a check months ago because I pay for my own insurance. The amount I received was about 20% of the hikes in my premiums that the company attributed to 0bamaTaxCare. So not such a good deal for me and if the neckbeard looked at the big picture I bet he lost coverage and it cost five times more than last year.

Title: Re: 0bama Steve gets 0bama money.
Post by: delilahmused on December 11, 2012, 09:22:17 PM

He better save it to help pay for the taxes he's gonna have to pay to support said act.

Cindie