As has been widely reported, the Patient Protection and Affordable Care Act along with modifications made by the Healthcare Education Affordability Reconciliation Act (collectively, the “Healthcare Reform Law”) are now part of the federal law applicable to healthcare plans.

The Healthcare Reform Law imposes requirements on new plans that do not apply to plans in existence on March 23, 2010 (“Grandfathered Plans”). In addition, a number of the changes imposed by the Healthcare Reform Act will take effect in 2013 and later years. This summary is therefore focused on the changes which will affect Grandfathered Plans in the next two years. We will continue to analyze and monitor this legislation and will supplement this information as the law is clarified.