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e-CFR data is current as of July 7, 2020

Title 45Subtitle ASubchapter BPart 149 → Subpart D


Title 45: Public Welfare
PART 149—REQUIREMENTS FOR THE EARLY RETIREE REINSURANCE PROGRAM


Subpart D—Use of Reimbursements


Contents
§149.200   Use of reimbursements.

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§149.200   Use of reimbursements.

(a) A sponsor must use the proceeds under this program:

(1) To reduce the sponsor's health benefit premiums or health benefit costs,

(2) To reduce health benefit premium contributions, copayments, deductibles, coinsurance, or other out-of-pocket costs, or any combination of these costs, for plan participants, or

(3) To reduce any combination of the costs in (a)(1) and (a)(2) of this section.

(b) Proceeds under this program must not be used as general revenue for the sponsor.

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