New Rules Regarding Grandfathered Plans

Crabcake Johnny

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Of course, you can keep you plan if you like it, except when companies want to shop new coverage they lose grandfathered status....but maybe not:

PPACA: Grandfathers Can Shop Around - Regulatory,Legislative and Tax Issues - Life and Health Insurance News

"An employer can change group health plan carriers without facing the full force of the Affordable Care Act.
Federal agencies have announced that interpretation today and implemented it by adding an amendment to interim final rules that affect when group health plans and individual health insurance arrangements can keep “grandfathered status" under the Patient Protection and Affordable Care Act (PPACA), a component of the Affordable Care Act package.

The grandfathered plan rules can exempt a plan or policy issuer from many Affordable Care Act requirements, such as a new preventive benefits package mandate and a minimum medical loss ratio requirement."

And the biggie:

“Finally,” officials say, “commenters expressed concern that the provision terminating grandfather status upon any change in issuer gives issuers undue and unfair leverage in negotiating the price of coverage renewals with the sponsors of grandfathered health plans, and that this interferes with the health care cost containment that tends to result from price competition.”

Question - is there any part of the law left?
 
Yet again, sticking it to the little guy. Why can't the family man shop around his policy and keep grandfathered status?
 
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