Articles, News and Information
Finding Creative Solutions to 2014 PPACA Mandates: “Early Renewal” Strategy for Small Groups
In addition to avoiding some of the changes in small group benefits, some insurers are advising their group clients to “Early renew” and have a new effective date of December 1, 2013, thereby avoiding the more expensive January 1, 0214 changes until later in 2014. If a policy is renewed before January 1, 2014, this…
Key Benefit Provisions that DO and DO NOT Apply to Grandfathered Plans
Group health plans in existence on or before March 23, 2010, when the Affordable Care Act was signed into law may be considered “Grandfathered.” Grandfathered plans are exempt from certain health care provisions, whereas non-grandfathered plans must comply with health care reform mandates. Listed below are a summary of key benefit provisions that apply to…
What are Grandfathered Plans?
Group health plans in existence as of March 23, 2010, when the Affordable Care Act was signed into law may be considered “Grandfathered.” Grandfathered plans are exempt from certain health care reform provisions, whereas non-grandfathered plans must comply with the healthcare reform mandates. Group health plans with “grandfathered” status may have significant consequences if they change to…
Health Care Reform Timeline for Group Health Plans
The Patient Protection and Affordable Care Act (HR 3590) was signed by President Obama on March 23, 2010 and the Health Care and Education Reconciliation Act approved by Congress, signed by the President on Wednesday, March 31, 2010 is intended to expand coverage to millions of Americans. Some measures will be implemented in 2010, but many…
