While most companies go through their annual renewal process in the fall, at Ambrose we are wrapping it up and heading into open enrollment for an Aug. 1 effective date. For us, as well as other employers with renewals that fall in the middle of the year, health care reform regulations haven’t kicked in until now.
Effective Aug. 1, we will adopt the regulations that many employers already have adopted – dependent coverage to age 26, removal of lifetime maximums and preventive care coverage at 100%. During this renewal, we also had to make the decision on whether or not to retain grandfathered status.
