Guidance available on Early Retirement Reinsurance Program payments


The AICPA issued Technical Practice Aids (TPAs) 6931.13–.17 to provide nonauthoritative guidance on health and welfare plan accounting and reporting for reimbursements received under the Patient Protection and Affordable Care Act’s (PPACA) Early Retirement Reinsurance Program (ERRP).

The TPAs describe the ERRP and cover matters such as how to report the ERRP reimbursement in the health and welfare plan’s financial statements, including when the reimbursement is not remitted to the trust; health and welfare plan accounting for ERRP reimbursements applied for prior to year-end but not approved until after year-end; accounting for the effects of the ERRP reimbursement on the health and welfare plan’s postretirement benefit obligation; and disclosures a health and welfare plan might consider including in its financial statements related to the ERRP.

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