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Fewer Employers Have Grandfathered Plans, Survey Says

05/23/13

  09:27:32 pm, by MedBen5   , 145 words,  
Categories: News, Health Plan Management

Fewer Employers Have Grandfathered Plans, Survey Says

A decreasing number of employer groups have grandfathered health care plans, a new survey reveals.

According to Business Insurance, the employer survey by International Foundation of Employee Benefit Plans found that only 27.3% of respondents said their primary health care plan has grandfathered status this year. That represents a sizable drop from 44.6% just two years ago.

While the Affordable Care Act exempts grandfathered from such requirements as providing full coverage of preventive services, certain provisions of the law allow only limited cost-sharing changes to maintain such status. For example, a health plan can’t increase coinsurance requirements or boost the percentage of the premium paid by enrollees by more than 5 percentage points.

The downward trend will likely continue: 2.5% of respondents said they expect their primary health care plan to lose grandfathered status this year, while 31.3% said they expect their primary plan to lose grandfathered status in 2014.

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