Edit ModuleShow Tags
Edit ModuleShow Tags

Striking a Balance: How Employers Can Make the Best Decisions on Grandfathering Their Health Plans


White paper released today addresses the advantages and disadvantages of grandfathered status as variety of experts share insight about key employer concerns, financial options and seeking guidance.

ANCHROAGE, AK, NOVEMBER 18, 2010 -- The interim regulations on grandfathered plans under the Patient Protection and Affordable Care Act (PPACA) are designed to allow employers to keep their current plans and at the same time ensure that employees are protected from significant loss of benefits or increased costs. Federal guidance, effective Sept. 23, 2010, attempts to lay down the rules for employers who want to retain grandfathered status.

These restrictions pose a serious challenge to employers who wish to keep their plans under the grandfathering clause. With calendar-year plan renewal season in full swing, many employers are anxious to make decisions. However, various factors – especially a company’s location – make a one-size-fits-all solution for employers unrealistic and impracticable.

Many employers don’t believe the provisions will impact their health insurance plans. Others are considering how much flexibility they have to make changes to their plans and keep their grandfather status. Some employers are frustrated because they don’t even have a choice and others simply have not even started thinking about the topic.

“There is a lot of information and misinformation out there, and employers realize they don’t have the experience or interest to deal with it. Employers should always consider the savings versus the cost potential when keeping or implementing a new plan. But this has become more difficult since there are provisions of health care reform that have yet to be defined”, said, Jennifer Bundy-Cobb, VP & Sr. Advisor, The Wilson Agency. “The best way to help make the decision to keep your health plan grandfathered or not is by conducting a thorough analysis of your existing health plan and choosing the path that fits your individual business strategy,” said Bundy-Cobb.

To receive the full report, “Striking a Balance: How Employers Can Make the Best Decisions on Grandfathering Their Health Plans”, please visit www.thewilsonagency.com.


The Wilson Agency is a full service strategic employee benefits consulting firm, helping Alaskan businesses to develop an organized approach to complex employee initiatives.  Products and services are offered through a strategic review of business’ current employee benefits and industry analysis to align business goals with employee compensation. For more information, please call Holly Parsons at 907-277-1616 or email hollyp@thewilsonagency.com.
Edit Module

Add your comment: