Reversing course, the IRS amended regulations issued earlier the year to allow certain changes in coverage without the loss of grandfathered status under the Patient Protection and Affordable Care Act. All group health plans may switch insurance companies and preserve their grandfathered status. The change is not retroactive. The amendment applies to group health insurance changes which become effective on or after November 15, 2010. Changes prior to this time will likely result in loss of grandfathered status.
This change can allow employers to maintain a group health plan's grandfathered status and avoid new requirements such as discrimination testing for group health plan (which was previously not required). Many employers change insurance coverage for group health plans from year to year due to changes in premium costs and benefit levels. Without this change in regulation, very few group health plans would have been able to maintain grandfathered status.
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