Many plan coverage requirements under the Patient Protection and Affordable Care Act, otherwise known as health care reform, take effect with plan years that begin on or after September 23, 2010. This means that these requirements will take effect on January 1, 2011, for employers that use a calendar year plan. The government has been busy releasing interim final regulations implementing many of the requirements. Here's a summary of what you need to know now.
Interim final regulations set parameters for grandfathered health plans
Certain provisions of health care reform don't apply to so-called grandfathered group health plans. For a plan to be considered grandfathered, two conditions must be satisfied: 1) at least one individual was enrolled in the plan on March 23, 2010, and 2) the plan has had at least one individual covered at all times since then, although the covered party needn't be the same individua...(register to read more)
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