Canada is not enforcing its laws for the trust accounts specifically created to secure and protect the lives of its long term disabled employees. Denying lawsuits against trust governance committees and third party trustees not enforcing common law on breach of fiduciary duties Not enforcing protections for Trust Accounts in CCAA and BIA, where there are MISAPPROPRIATIONS for trust accounts while the debtor is acting is acting in a fiduciary capacity. Not enforcing trust statutes Reading new terms into Health and Welfare Trust Agreements to enable a settlement for the claims of Pensioners’ TERM Life Insurance Premiums that are in respect of a yearly premium for Group Term Life Insurance and due in the FUTURE, in addition to being an OBLIGATION OF NORTEL and not the NORTEL HEALTH AND WELFARE TRUST ASSETS FOR INCOME AND FUNDED PLANS.
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WASHINGTON |
Tue Nov 16, 2010 10:09pm IST

WASHINGTON (Reuters) – U.S. employers offering health insurance to workers will not lose protected status under the new healthcare law if they decide to switch healthcare plan providers, U.S. administration officials said on Monday.

At issue is President Barack Obama’s pledge that people can keep their current healthcare plan if they liked it and administration officials have said the protected status aims to minimize disruption in coverage.

Under the overhaul passed earlier this year, employers must adhere to certain rules to keep special “grandfathered” status that exempts them from imposing other provisions in the law such as an appeals process and mandatory preventive care.

Any plan that made significant changes to their employees’ coverage, such as reducing workers’ benefits, increasing costs or changing health insurance carriers would lose protection.

But officials at the U.S. Departments of Health and Human Services, Labor and the Treasury said, if an employer chooses another health insurance company to provide coverage, they can keep their protected status.

“The purpose of the grandfather regulation is to help people keep existing health plans that are working for them,” the agencies said in a statement.

“This amendment furthers that goal by allowing employers to offer the same level of coverage through a new issuer and remain grandfathered, as long as the change in issuer does not result in significant cost increases, a reduction in benefits, or other changes described in the original grandfather rule.”

The change comes after complaints that preventing companies from choosing another insurer would restrict “their ability to shop around for the best deal,” one official told reporters in a conference call speaking on background.

Health insurance providers include Aetna Inc, Cigna Corp and UnitedHealth Group Inc, among others.

The amended rule only affects group health insurance plans, not those sold to individuals. Only a small number of employer plans are expected to be affected, officials said.