Distribute notice to plan participants regarding grandfathered plan status....
Distribute Summary of Benefits and Coverage (SBC) (date may change based on benefits plan renewal date)...
Original post ubabenefits.com A Summary of Benefits and Coverage (SBC) is four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit's coverage and limitations. In February 2016, the...
Many have talked about the options for posting compliance documents online. It is interesting to note that posting documents on a company’s intranet is not enough. Especially in light of the new court decision (Thomas v. CIGNA Group Insurance, E.D.N.Y. (2013)), the topic is even...
A Summary of Benefits and Coverage (SBC) is four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit's coverage and limitations. Read more here...
The departments of Health and Human Services, Labor, and the Treasury issued a final rule regarding the health care Summary of Benefits and Coverage (SBC) and uniform glossary that must be provided to employees under the Affordable Care Act (ACA). The new rule was published...
Originally posted January 27, 2015 by Linda Rowings on www.ubabenefits.com. The Department of Labor (DOL), the Department of Health and Human Services (HHS), and the Internal Revenue Service (IRS) have issued proposed regulations that would update the summary of benefits and coverage (SBC) requirement, including the SBC template, instructions,...
Review the new SBC changes that must be used for plans in 2014....
The new summary of benefits and coverage (SBC) rules took effect on Sept. 23 for plans that start on or after that day. ...
Have you seen your SBC yet? SBC sample and more here. Read more....