News & Updates
March 1, 2016
The U.S. Department of Labor (DOL) has proposed a revised Summary of Benefits and Coverage (SBC) template, instructions, uniform glossary, and related documents, to be followed by a thirty-day comment period.
Under the Affordable Care Act, group health plans and health insurance issuers are generally required to provide a written SBC to plan participants and beneficiaries at specified times during the enrollment process and upon request. While final regulations to amend the existing rules related to the SBC notice requirements were previously released in June of 2015, at that time the DOL announced that a new SBC template and associated documents would be finalized separately, and would be expected to apply to SBCs for coverage beginning on or after January 1, 2017.
Visit the DOL's webpage on the SBC and Uniform Glossary for the latest updates.
Be sure to visit our Summary of Benefits and Coverage (SBC) section for additional information.