Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

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How would a grandfathered health plan under the Affordable Care Act lose its grandfathered status?

  1. By changing the policyholder's address

  2. The insurer significantly raises co-insurance charges, deductibles, or co-payment charges

  3. Offering new benefits

  4. Expanding the coverage area

The correct answer is: The insurer significantly raises co-insurance charges, deductibles, or co-payment charges

When a grandfathered health plan significantly raises co-insurance charges, deductibles, or co-payment charges, it would lose its grandfathered status. This is because one of the requirements for a grandfathered health plan is that it must maintain its original benefits and cost-sharing arrangements without significant changes. Changing the policyholder's address (A), offering new benefits (C), or expanding the coverage area (D) do not necessarily affect the benefits and cost-sharing arrangements of the original plan, therefore would not cause it to lose its grandfathered status.

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