A new survey conducted this month finds most companies thatoffer pre-65 retiree medical benefits intend to apply for afederal reinsurance reimbursement program enacted under newhealth care reform legislation.

The provision goes into effect June 1, and because federalfunding for the program is limited, companies are being encouragedto act fast.

Hewitt Associatessurveyed 245 large employers that offer medical benefits to morethan 1.3 million retirees. The survey found that more thanthree-quarters (76 percent) of companies plan to pursuereimbursement under the Early Retiree Reinsurance Program (ERRP)included in the Affordable Care Act.

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