I posted on this subject on October 1st, but an update has just been given on the subject from the IRS, EBSA, and HHS. The three departments released new rules that allow group health insurance plans to change insurance carriers without losing their grandfathered status with regards to PPACA. In changing insurance carriers the plan cannot be altered so much that it violates other “grandfather” rules or it will lose it grandfathered status. This is good news as it will allow an employer to shop for the same insurance coverage from other carriers to get a lower cost without losing their grandfathered status.
About Me and This Blog
My name is Leon Muhlestein. I consult with businesses to set up premier, affordable employee benefits, payroll processing, and HR help. I work through the best agency in the state of Utah, Magellan Inc.
This blog is to provide information on topics related to employee benefits and human resources. It is also meant to be a place of conversation. Thus, please provide comments and feedback on the posted topics -- but keep them polite and professional.