Regarding rates on non-grandfathered plans, are they going to go way up in 2014, but grandfathered plans might fare better?
A – Because grandfathered plans are not required to implement all of the market reforms (only a few), the rates for a grandfathered plan should be lower in 2014. That doesn’t mean the carriers won’t make changes, which may cause the loss of grandfathered status anyway. Q – I had a question on the Grandfathering of the Health Reform Bill …. I have a group with 15 Salaried Employees (120 hourly employees not covered). The Broker and I discussed the renewal but I indicated that the group could lose the “Grandfather” status by making changes to the plan designs offered. Additionally, there could be a penalty to the Employer in 2014 for not covering these 120 hourly employees.
