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Nongrandfathered Large Group Major Medical / HMO LOUISIANA DEPARTMENT OF INSURANCE STATEMENT OF COMPLIANCE POLICY FORM / RATE / ADVERTISING FILING Insurer Name: Product Code: NG.HMONG GRP NG.MMR GRP
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Non-grandfathered large group major refers to health insurance plans that are not grandfathered under the Affordable Care Act and cover a significant number of employees.
Employers offering non-grandfathered large group health insurance plans are required to file the major.
The major must be filled out accurately with all required information regarding the health insurance plan and its coverage.
The purpose of the major is to provide transparency and compliance with the Affordable Care Act regulations for large group health insurance plans.
Information such as plan benefits, costs, coverage details, and compliance with ACA regulations must be reported on the major.
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