From NAHU – How the Health Care Reform Legislation Will Impact Your Individual and Employer Clients

National Association of Health Underwriters has recently published the following analysis:

“How the Health Care Reform Legislation Will Impact Your Individual and Employer Clients”. This paper provides a year by year break down of the impact of Health Care Reform Legislation out to 2018.

Exerpt:

2010 – Individuals and employer group plans that wish to keep their current policy on a grandfathered basis can only do so if the only plan changes made are to add or delete new employees and any new dependents. In addition, an exception is made for employers that have scheduled plan changes as a result of a collective bargaining agreement. An amendment to the grandfathered plan rules allow all group health plans to switch insurance companies and shop for the same coverage at a lower cost and maintain their grandfathered status, so long as the structure of the coverage doesn’t violate one of the other rules for maintaining grandfathered status. Once a plan loses its grandfathered status, it will be subject to all of the market reforms in the legislation when they take effect, regardless of where coverage is purchased (either through an exchange or outside of an exchange). However, many of the market ‐ reform provisions slated to take effect in plan years beginning on or after September 23, 2010will apply to all plans, whether or not they hold grandfathered status.

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Category: Consumer & Industry News, Legislative Updates