To keep grandfathered
status after switching carriers or policies, an employer must show the new carrier that the new plan will be similar enough to the old plan to qualify for grandfathered
status, officials say.
The Regulations provide that if any of the following changes are made to a group health plan, the plan will lose its grandfathered
Some organizations representing employers have submitted comment letters requesting changes in the interim regulations regarding grandfathered
Two final notes: 1) Employers who made a plan change between March 23 and June 14 can return to their previous plan and remain grandfathered
Details on the routine changes insurers and employers can make without losing their grandfathered
status and the projected impact on large and small employer plans are highlighted in the administration's Fact Sheet: Keeping the Health Plan You Have: The Affordable Care Act and "Grandfathered
" Health Plans (www.
plans are allowed to add new benefits or beneficiaries, make modest adjustments to existing benefits, voluntarily adopt new consumer protections, or make changes to comply with state or other federal laws.
plans, the Labor Department is asking for copies of grandfathered
status disclosure documents and documents showing that the plans qualify for grandfathered
status, the compliance specialists say.
Over the years, the Service has issued numerous rulings on changes that will cause a trust to lose its grandfathered