Wednesday, September 1, 2010

WA state to save nearly $60 million on reinsurance costs

Washington state is one of the employers taking advantage of an early program included in the Affordable Care Act - Thanks to the Early Retiree Program, the state's Health Care Authority (the agency that provides health benefits to state employees) expects to save $24.2 million on its retiree health benefits this year, and $34.5 next year.

How does it work? The Early Retiree Program was created to help businesses continue to offer health insurance to those workers 55 and older who retire early, but don't yet qualify for Medicare. Applicants who are approved to participate in the program receive reinsurance for the claims of high-cost retirees and their families.

Approved applicants can use these funds to provide premium relief and other health care cost relief to their retirees and workers and their families, to offset increases in their own health care premiums or costs, or for a combination of these purposes.

See a full list of the Washington businesses that have been accepted into the program so far.

Where to find car- and truck safety ratings online

Looking for crash ratings and other tests of cars and trucks?

The Insurance Institute for Highway Safety does vehicle tests, and has recently launched a new series of rollover-safety tests based on roof strength. It's easy to search for test results by make and model.

The ratings are closely watched by manufacturers, who often make changes based on test results. Ford, for example, recently made design changes to strengthen the outside door handles on the Ford Fiesta -- now designated a "Top Safety Pick" by IIHS -- to reduce the chance of doors springing open in side-impact crashes.

Last year, in honor of its 50th anniversay, IIHS made this striking video, comparing the crashworthiness -- nearly head to head -- of a 1959 Chevy Bel Air and a 2009 Chevy Malibu. The video's pretty amazing.

The other must-go place to look at crash tests is SaferCar.gov, where the National Highway Traffic Safety Administration posts the results of its crash test and rollover ratings. It also posts information about safety recalls, defect investigations, and how consumers can file complaints about suspected safety problems with vehicles.