The Early Retiree Reinsurance Program seemed like a step forward in helping Americans figure out how to cover the costs of healthcare in retirement. But findings from a new Employee Benefit Research Institute study suggest that the program still leaves a lot of work for advisors to do.

The ERRP sets out to help employers provide health insurance to retirees 55 years or older, who are not yet eligible for Medicare. Created by the Affordable Care Act, the program dedicates $5 billion to employers to extend affordable healthcare to early retirees, their spouses, surviving spouses and dependents.How many employers in the U.S. already extend that benefit? In one of its so-called FastFact dispatches, EBRI says that 444,150 private-sector establishments offer health benefits to early retirees, or about 11.2 percent of the total. Among large employers, which are those with 1,000 workers or more, 34.5% offer health benefits to early retirees. For companies with fewer than 10 workers, which accounts for 3.7 million establishments, the number is tiny, at 1.2%.

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