Almost all (90 percent) U.S. companies surveyed recently by Hewitt Associates anticipate losing grandfather status by 2014, with the majority expecting to do so within the next two years.
The "grandfather" provision of the Patient Protection and Affordable Care Act allows companies to maintain many of their current health care coverage provisions. Plans that existed on or before March 23, 2010 are considered grandfathered plans. [See related: Agencies set rules on grandfathered health plans]
However, health plans that choose to significantly cut benefits or increase out-of-pocket spending for consumers will lose their grandfathered status.
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