Both fully insured and self-insured group health plans that were in effect on March 23, 2010 are considered “grandfathered” under health care reform. Grandfathered plans are exempt from certain requirements under health care reform and are granted a later effective date for complying with others. Recent regulations contain detailed requirements for maintaining grandfathered status. Plan sponsors considering changes to their group health plan for the upcoming plan year should become familiar with the modifications that are allowed under the regulations, and the changes that could jeopardize their group health plan’s grandfathered status resulting in the loss of certain exemptions and delayed effective dates.
Please join Heather Heath Ryan and Amy Owens of Parker Poe’s employee benefits group as they explain the details of these newly-released regulations and provide employers with tools to help them preserve their group health plan’s grandfathered status.