Summary of Benefits and Coverage
Compliance Alert: Healthcare reform spells out additional requirements for informing employees about their health coverage. No longer cna you just hand out the medical plan summary of old. Now you’ll have to provide a specifically-formatted document. And there are timelines.
Does this replace your medical plan summary? The required information does not emcompass all the benefits you offer under your plan. Therefore, most companies are providing the SBC in addition to their usual plan summary.
Download the full article to learn about
- The Mandate
- Why the Change
- Creating the SBC and Glossary
- distributing the SBC and Glossary
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