posted on June 03, 2010 15:52
Genesee County may enter into a nationwide race for $5-billion in federal healthcare reimbursement.
County Manager Jay Gsell explained it to us today:
Under the healthcare reform act, the federal government will help employers pay healthcare costs for early retirees, who are not yet eligible for Medicare or Medicaid. The government will pay between $15,000 and $90,000 in yearly healthcare costs for those early retirees.
But, there’s a complicated application process – and Jay Gsell says its even more complicated for Genesee County and its retired workers.
To help, county legislature is expected to hire a company called Part D Advisors. Part D would gather the county retirees’ healthcare information since January 2010 and fit it into the application.
Gsell says the county only has to pay Part D if it wins money from the feds.
$5-billion is available in this program, but it is only available on a first-come, first-serve basis, so speed is important.
County legislators will hold a special meeting tomorrow night to vote on the proposal to hire Part D Advisors. Gsell expects the resolution to be passed.