06.21.2010 Agencies Clarify Grandfathered Health Plan Status
06.21.2010Certain health plans in existence on March 23, 2010, are exempt from a number of the requirements under the Patient Protection and Affordable Care Act (the Affordable Care Act). Such exempted plans are called “grandfathered health plans.” Interim final regulations explaining how a grandfathered health plan can retain or lose its grandfathered status were issued by the Internal Revenue Service, the Employee Benefits Security Administration and the Department of Health and Human Services on June 17, 2010.
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