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Text of 'Fact Sheet' Summarizing Amendments to Interim Final Regs on Status of Grandfathered Health Plans (PDF)
U.S. Department of Health and Human Services [HHS]; U.S. Department of Labor [DOL]; U.S. Department of the Treasury [Official Guidance] Nov. 15, 2010
2 pages. Excerpt: Previously, one of the ways an employer group health plan could lose its grandfather status was if the employer changed issuers -- switching from one insurance company to another. The original regulation only allowed self-funded plans to change third-party administrators without necessarily losing their grandfathered plan status. Today's amendment allows all group health plans to switch insurance companies and shop for the same coverage at a lower cost and maintain their grandfather status, so long as the structure of the coverage doesn't violate one of the other rules for maintaining grandfathered plan status [such as significant cost increases or a reduction in benefits].
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