As we recently communicated with you, the federal government has issued Interim Final Regulations for the grandfathering provision. Because there are advantages to grandfathering, we will grandfather most standard and non-standard plans in our portfolio. To help you better understand what this means to you, we’ve put together this Grandfathering Fact Sheet. It explains:
£ More about grandfathering
£ What changes can be made without losing grandfathered status
£ What changes will result in losing the grandfathered status
This is an important provision for many individuals and group policyholders. You can expect more information about grandfathering, including how we will implement it. As always, please talk with your consultant if you have any questions.
The January/February 2010 edition of the Indiana Department of Labor’s bi-monthly newsletter, INdiana Labor Insider, has been attached to this email. This newsletter was created to inform employers and employees about the latest information about the department, health and safety and labor related issues. To read past editions of the INdiana Labor Insider, please visit the Indiana Department of Labor’s website at http://www.in.gov/dol/2366.htm.