Under PPACA, a grandfathered
plan generally is any group health plan or health insurance coverage in which an individual was enrolled on March 23, 2010.
Healthcare reform awards grandfathered
status to plans that undergo little alteration, and that status limits the new requirements plans must comply with immediately.
Given that most carriers don't allow you to raise your copayments by $5 at a time or increase your deductible in $100 increments, it looks like grandfathered
plans are pretty much stuck with what they've got.
Under the new rules, health plans and employers would lose their grandfathered
status if they:
NSBA and other stakeholders have largely been interested in the degree of flexibility that the grandfathered
health plan rules would permit for employers to make some changes to the plans in the years to come without losing their grandfathered
health plan status.
Finally, the preamble states that the proposed regulations are meant to clarify that the transfer of property pursuant to the exercise, release or lapse of a GPA created in a grandfathered
GSTT-exempt trust is not a "transfer under the trust" but a transfer by the person holding the power at the time the exercise, release or lapse becomes effective.
Also, cash balance accounts are grandfathered
for all Nabisco participants by converting them into lump-sum credits for prior service under the Pension Equity Plan.
More than three-quarters of companies (77 percent) said that recently released guidance on preventive care did not impact their decision to maintain grandfathered
in: I can work forever as long as I can pass the physical and can get up those (tower) stairs,'' said Aune, who has won awards for his work.
The amendment to the Rights Agreement clarifies that if at any time after August 18, 2004 a Grandfathered
Person (together with all affiliates and associates of such person) ceases to be the beneficial owner of securities of the Company constituting 15% or more of the voting power of the Company, such Grandfathered
Person shall immediately cease to be a Grandfathered
Person and shall thereafter be subject to all of the restrictions set forth in the Rights Agreement as fully as if such person had never been a Grandfathered
An irrevocable trust created before that time is said to be "exempt" or "grandfathered
;" GSTs from a grandfathered
trust to its beneficiaries are not subject to the GST tax.
In 1984, amendments to the tax law effectively prohibited such arrangements but indefinitely grandfathered
the existing paired-share REITs.
If the Grandfathered
Person ceases to own more than 20 per cent of the outstanding shares of the Company or becomes the beneficial owner of more than 1 per cent of the number of outstanding shares in addition to those shares that the Grandfathered
Person already holds, the exemption will cease to apply.
The council did not concede to the merchants' demands for grandfathered
rights, but eventually approved ordinance amendments recommended by the Planning Commission.
In addition to Greyhawk's new liquidity structure, Greyhawk has grandfathered
its two existing liquidity facilities supporting all current assets by extending the term of the facilities so as not to expire post year-end 2015.