How does the “grandfathering” health care reform law affect the current health insurance plan I have?
If you purchased an individual, family or small group policy on or before March 23, 2010, the plan you purchased may now be considered a “grandfathered” plan and may be exempt from many of the new legislated mandates. However, some of the law’s requirements apply to all plans, including grandfathered plans. If changes not mandated by law are made to a policy, the plan could lose its grandfather status and become subject to all health insurance reforms under the new law.
