DOL Releases New Guidance on SBC Preparation and Delivery

DOL Releases New Guidance on SBC Preparation and Delivery The Department of Labor released a set of “Frequently Asked Questions” to clarify some of the basic aspects of preparing and providing the new Summary of Benefits and Coverage. Notable in the release is the announce
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Summaries of Benefits and Coverage Due This Fall

Final regulations provide detail on the format, content, and delivery standards group health plan sponsors and insurers must follow when issuing this information. As they prepare for open enrollment this fall, group health plan sponsors and insurers have a lot of work to do to make su
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Health Care Plan Summary of Benefits and Coverage Distribution Deadline Quickly Approaching for Employers

Employers who maintain health plans may recall from our prior blogs (see “Health Care Plan Annual Enrollment Triage: The Summary of Benefits and Coverage Standards Have Not Been Issued Yet and May Just Have to Wait“ and ”Health Care Plan Summary of Benefits and Coverage: Still No Fina
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Summary of Benefits and Coverage Disclosure Requirements

Recently issued final regulations and related guidance clarify the requirement under the Patient Protection and Affordable Care Act that group health plans and health insurance issuers provide a summary of benefits and coverage and a uniform glossary. The guidance includes final regul
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Added Guidance on Summaries of Benefits and Coverage

The three agencies responsible for issuing guidance on the Affordable Care Act (ACA)—the U.S. Departments of Labor, Treasury, and Health and Human Services—have issued a new set of FAQs (frequently asked questions and answers) on the requirement to furnish summaries of benefits and co
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Summary of Benefit Coverage Rules – The Devil is in the Details

During the February 28, 2012 ALI-ABA Video Broadcast program on Health Plans some representatives from the government provided us with their personal insights on how the Summary of Benefits and Coverage (“SBC”) rules and templates should operate. Earlier this week the DoL posted FAQ V
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Final Rule Issued on the Affordable Care Act’s Summary of Benefits and Coverage

The Department of Labor (DOL), the Treasury Department and the Department of Health and Human Services (HHS) (the “Departments”) have released a Final Rule implementing the Summary of Benefits and Coverage (SBC) and Uniform Glossary that is required under the Affordable Care Act.1 The
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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 B
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New PPACA Benefit Summary Rules Clarified

If their open enrollment periods start before September 23, 2012, health insurers and employers that sponsor health plans will not have to provide new summaries of benefits and coverage, or “SBCs,” to new enrollees and existing health plan participants later this year, und
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Summaries of Benefits and Coverage (SBCs) Back on the Schedule and Other Employee Benefits News

An SBC is a standardized explanation of health coverage intended to help individuals make apples-to-apples comparisons of their options for health coverage. The Internal Revenue Service, Department of Labor and the Department of Health and Human Services (the Departments) published pr
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