DOL’s ‘good faith’ compliance standard for SBC rules fails to relieve burden on employer plan sponsors

WASHINGTON, DC — We are very disappointed that guidance issued today by the departments of Health and Human Services, Labor and Treasury has reiterated that employers will have as little as six months to comply with the Patient Protection and Affordable Care Act’s (PPACA) Summary of Benefits and Coverage (SBC) regulations that the federal government itself was nearly a year overdue in finalizing” Council President James A. Klein said today following DOL’s release of a new Frequently Asked Questions (FAQ) document on the SBC requirements. “We had urged the agencies to either delay the effective date by twelve months or provide a transition rule to allow employers to meet these new obligations as smoothly as possible,” Klein said.

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