Tagged: Grandfathered Plans

Before and after the passage of the Affordable Care Act, President Obama has repeatedly said “if you like your health plan, you can keep it”. Though it was misunderstood by many consumers, media outlets, and even our elected officials, there is a provision in the law that allows plans that were in place when the law was signed on March 23rd, 2010 to be “grandfathered” and avoid many of the new market rules, most of which go into effect on the plan’s renewal date in 2014.