One-Year Extension for Grandmothered Plans

On March 28, 2019, the South Carolina Department of Insurance (DOI) published Bulletin 2019-01, Addendum F to Bulletin 2013-12. The purpose of the bulletin is to advise carriers of the DOI’s intent to continue to permit the renewal of coverage pursuant to the CCIIO’s latest transitional policy extension for grandmothered plans in the individual and small group markets.

According to the bulletin, the transitional policy permits carriers in the individual and small group markets to renew certain non-grandfathered policies that would otherwise be deemed to be out of compliance with the ACA. Such coverage may now be renewed for plan or policy years beginning on or after October 1, 2020, so long as no can early renew or amend the coverage term in order to permit small employers to maintain such coverage until December 31, 2020.

Bulletin 2019-01 »