Question

According to the affordable care act, any plan in existence prior to which date is considered a grandfathered plan? march 23, ___

a) 2010
b) 2011
c) 2012
d) 2013

Answer 1

Any health insurance plan in existence before March 23, 2010, is regarded as a grandfathered plan as per the Patient Protection and Affordable Care Act, which aims to achieve universal coverage.

Step-by-step explanation:

According to the Patient Protection and Affordable Care Act, often referred to as Obamacare, any health insurance plan that was in existence prior to March 23, 2010, is considered a grandfathered plan. The Affordable Care Act, signed into law by President Obama, aimed to bring the United States closer to universal coverage. Grandfathered plans are those that were already in effect before the ACA's enactment and may not have all the protections and benefits required under the new law but are allowed to continue as long as they don't make significant changes that reduce benefits or increase costs for enrollees.