When policymakers were crafting the comprehensive health care reform legislation enacted as the Patient Protection and Affordable Care Act (PPACA, H.R. 3590) and the Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), an oft‐repeated promise was “If you like your current coverage, you can keep it.” To fulfill that promise, the reform law establishes that individual and group plans that were in force on the date of enactment (March 23, 2010) have “grandfathered” status. This means that as long as a plan maintains this status, it will not have to comply with all of the new law’s insurance market provisions.
Read more here about the recently released interim rules released by the U.S. Departments of Health and Human Services (HHS), Labor & Treasury relating to status as a grandfathered plan. This recap is provided courtesy of National Association of Health Underwriters.
Tagged with: grandfather plan • grandfathering • Healthcare reform • PPACA
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