More than 40 Michigan employers and unions will be offered health coverage to the ones who wish to retire at an early stage in addition to their families.
Approximately 1,000 additional employers and unions granted national took part in the $5 billion Affordable Care Act's Early Retiree Reinsurance Program and the numbers have risen for to 142 participants from Michigan in the program.
This news was proclaimed by U. S. Department of Health and Human Services on Monday claiming of the additions which include Ford Motor Co. and Chrysler Group LLC, in addition to the communities of Warren, Port Huron, Oak Park and Livonia.
The first round approved approximately 2,000 people in the month of August.
This program which is an approach towards massive health care up gradation has been released in March and comes handy in case of large and small businesses, state and local governments, educational institutions, nonprofits, and unions — and will be offering reimbursements for the early retirees.’
Sen. Debbie Stabenow, D-Lansing, who helped push for the proposal in the Senate Finance Committee explained: “Many of Michigan’s largest employers and their retirees will be able to cover their health care costs. I encourage all eligible Michigan businesses to continue submitting their applications.”