Broken Promises Retiree Health Coverage Act of 2000
Provides for an open enrollment period under the Medicare supplemental health insurance policies (Medigap) program for certain retired workers enrolled in Medicare part B (Supplementary Medical Insurance) and entitled to benefits under Medicare part A (Hospital Insurance) whose coverage under a group health plan is terminated.
Title II: COBRA Protections for Early Retirees - Subtitle A: Amendments to the Employee Retirement Income Security Act of 1974 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) continuation coverage for certain retired workers whose coverage under a group health plan is terminated. Sets forth a special rule for certain dependents in such case as well as permits an increased level of premiums.
Subtitle B: Amendments to the Public Health Service Act - Amends the Public Health Service Act to set forth requirements analogous to those under subtitle A.
Subtitle C: Amends to the Internal Revenue Code of 1986 - Amends the Internal Revenue Code (IRC) to set forth requirements analogous to those under subtitle B.
Title III: Notice Requirements - Amends ERISA and the IRC to mandate that advance notice of any material reduction in covered services or benefits provided under a group health plan relating to retiree health benefits be furnished to participants and beneficiaries as well as to the Secretary of Labor. Prescribes a civil penalty for violations of this title.
Referred to the Subcommittee on Health and Environment.