Hewitt Experts Available to Discuss Impact of Newly Released Health Care Reform Regulations on Grandfathered Health Plans
June 15 2010 - 3:20PM
Business Wire
On June 14, 2010, the U.S. Departments of Health and Human
Services (HHS), Labor (DOL) and Treasury released rules relating to
the “grandfather” provision in the Patient Protection and
Affordable Care Act.
Under the grandfather rule, employers can maintain many of their
current health care coverage provisions and are required to make
fewer changes to plan documents and administrative procedures in
order to comply with the new law. These regulations have been
highly anticipated by employers—particularly those with large,
complex benefits arrangements—as they assess their future health
care benefits strategies in light of the reform law.
Health care reform experts from Hewitt Associates (NYSE: HEW), a
global human resources consulting and outsourcing company, are
available to discuss the rules and the implications for employers
and individuals.
Specifically, Hewitt experts can address:
- Actions that would cause a
company to lose its grandfathered status, such as eliminating
benefits to diagnose or treat a particular condition, increasing
cost sharing, or reducing employer contributions.
- Rules around collectively
bargained plans (CBAs), including insurance reforms that are
applicable to CBAs (e.g., coverage of adult children to age 26,
prohibition of lifetime limits, etc.) and the amount of time that
CBAs can maintain grandfathered status.
- Reporting requirements of
grandfathered plans to participants and beneficiaries.
The interim final rule will be published in the Federal Register
on June 17. Meantime, the full text of the rule is available
here.
The White House fact sheet on the grandfather regulations is
available here.
Hewitt Associates will be issuing a more detailed report about
the new regulation soon.
To schedule an interview with a Hewitt spokesperson, please
contact:
MacKenzie Lucas, (847) 442-2995, mackenzie.lucas@hewitt.com
Catherine Brandt, (847) 442-2994,
catherine.brandt@hewitt.com
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