S B C, It’s as Easy as 1, 2, 3… Don’t Forget the NEW Template

By: Kelly Dempsey, Esq.

The new Summary of Benefits and Coverage (SBC) template is applicable for plans that have open enrollment periods beginning on or after April 1, 2017. If there is no open enrollment period, it applies for plans renewing on or after April 1, 2017. Changes to the SBC include modified disclosures and benefits, embedded deductible/OOP information, a new coverage example, and some cosmetics. If you don’t find it as easy as 1, 2, 3, The Phia Group is here to help! Feel free to contact us at pgcreferral@phiagroup.com if you have questions or need assistance drafting in the new SBC template.