U.S. Departments of Labor, Health and Human Services, Treasury Issue Proposed Rule to Increase Flexibility for Grandfathered Group Health Plans
The
The Patient Protection and Affordable Care Act (ACA) provides that certain group health plans and health insurance coverage that existed as of the law's enactment are treated as grandfathered health plans. Grandfathered group health plans are subject to some of the ACA's requirements, such as the prohibition on preexisting condition exclusions, but are exempt from many others.
On
"The President has consistently fought for greater choice and expanded access to affordable healthcare for American workers," said
"This proposed rule reaffirms the President's commitment to protecting American consumers from rising health care costs while promoting flexibility and competition in the marketplace," said Treasury Secretary
"Providing Americans with access to affordable ways to finance their care is a key priority for
"The fact that a significant number of grandfathered group health plans remain indicates that some employers have found value in preserving grandfather status," said Acting Assistant Secretary for the
"While the ACA was passed with the promise of more affordable premiums, it is now abundantly clear that the very structure of the law, with all of its costly regulations, led to higher and higher insurance premiums," said
Based on the feedback received in response to the
EBSA's mission is to assure the security of the retirement, health and other workplace related benefits of America's workers and their families. EBSA accomplishes this by developing effective regulations; assisting and educating workers, plan sponsors, fiduciaries and service providers; and vigorously enforcing the law.
The mission of the


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