News
Anthem Small Group Grandmothered Plan Extension
Posted 08.04.16
New Hampshire employers with less than 50 Full Time Equivalent (FTE) employees who have a group health plan that was issued prior to 1/1/14 have what is considered a grandmothered plan.
Anthem is allowing 4th quarter grandmothered plans to renew on their current 2016 anniversary and then renew again 1/1/17 with no rate change. Recent guidance issued by CMS and the NH Department of Insurance will permit a grandmothered plan renewal as late at 1/1/2017, allowing the employer to keep the grandmothered plan as long as possible (until 12/31/2017).
More information will be included with each employer’s Anthem renewal. Considerations of this opportunity include potential disruption with Flex Plan and Health Reimbursement Arrangement (HRA) services.
Contact your NEEBCo representative with any questions you may have.