Health Law & Business News

‘Grandfathered’ Obamacare Plans Could Hike Patient Costs: IRS

July 10, 2020, 1:52 PM

Employer health plans that were in existence before Obamacare took effect would have the ability to raise copayments and deductibles, within limits, without losing their “grandfathered” status under an IRS proposed rule released Friday.

These health plans were allowed to continue after the law’s effective date in March 2010 even though they don’t offer the same benefits as newer plans that must conform to the Affordable Care Act. They stem from President Barack Obama’s statement about his signature health-care law, “If you like your current plan, you can keep it.”

These plans lose their grandfathered status—and thus must comply with...

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