Ohio Insurance Laws and Regulations Practice Exam

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According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan?

January 1, 2010
March 23, 2010
July 1, 2010
December 31, 2009

The correct answer is: March 23, 2010

The Affordable Care Act, also known as Obamacare, was signed into law on March 23, 2010. This marked the beginning of the implementation of the Act, and therefore plans in existence prior to this date are considered grandfathered plans. As for the other options, A, C, and D are incorrect because they are either too early or too late to be considered prior to the implementation date of the Affordable Care Act. Only for B, which is the correct answer, the date matches with the date of the implementation of the Act.