Q&A from the DOL: Keeping My Health Plan Grandfathered

Q&A from the DOL: Keeping My Health Plan Grandfathered

During the health reform debate, we heard the mantra “if you like your health plan you can keep it.” The takeaway from that mantra was that if you like your doctor and your coverage you’ll be able to keep it.

The new “grandfather” rules implement the provisions of the Affordable Care Act and enable businesses and families to keep their plan while adding new benefits for others. Here are the DOL’s key questions and answers on the topic: “Keeping the Health Plan You Have: The Affordable Care Act and ‘Grandfathered’ Health Plans.” And, as always, employers/plan sponsors should consider, in coordination with thoughtful consultation with their Sales Executive and Account Manager, what ramifications (costs) will there be, if any, for losing the “grandfathered” status.

DOL’s Q&A
Crawford’s Reform Timeline for Employers
DOL’s Grandfathered Regulation Table
DOL’s Model “Grandfathered Plan” Notice
(to be distributed on/before the 1st day of the 1st plan year after 9/23/2010)