The Regulations provide that if any of the following changes are made to a group health plan, the plan will lose its
grandfathered status:
Some organizations representing employers have submitted comment letters requesting changes in the interim regulations regarding
grandfathered status.
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.
Additionally,
grandfathered 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.
If a change to a trust is desired, taxpayers want to be certain that the anticipated revision will not taint the trust's
grandfathered status.
The Plan provides generally that Henkel will cease to be a
grandfathered stockholder if it owns more than 35% of the Company's outstanding Common Stock and any other
grandfathered stockholder will cease to be exempt from triggering the rights plan if it acquires any additional shares of Common Stock.
The repeal of the 15% excess distributions tax alleviates the need to be concerned about excess distributions or to keep track of unrecovered
grandfathered amounts.
Can the pre-1986,
grandfathered plan be used to compensate for the Sec.
Example 3: The facts are the same as in Example 2 except that, as of A's date of death, A received $90,000 in distributions that were treated as a return on A's
grandfathered amount.
If the installation of additional controls is required for a
grandfathered facility to meet an emission limit, the permit shall specify an implementation schedule for such additional controls.
1035 exchange jeopardizes any
grandfathered tax benefits for insurance contracts.
