News & Updates
July 8, 2016
The Centers for Medicare & Medicaid Services (CMS) have released new Q&As regarding the applicable date for using the new Summary of Benefits and Coverage (SBC) template and associated documents.
Under the Affordable Care Act (ACA), 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. On April 6, 2016, federal agencies finalized new versions of the SBC template, instructions, uniform glossary, and related documents.
Applicability Dates for New SBC Template
According to the Q&As, the applicable dates for using the new SBC template and associated documents will be as follows:
Additional information is available in the text of the Q&As. Visit the U.S. Department of Labor's webpage on the SBC and Uniform Glossary for news updates and access to templates and related documents.
Be sure to visit our Summary of Benefits and Coverage (SBC) section for additional information.