Final regulations on summary of benefits and coverage (SBC) are available. Insurers, employers and administrators — pay close attention to these rules because they will apply to open enrollment that begins on or after September 23, 2012.
On August 22, 2011, the departments of Health and Human Services, Labor, and Treasury (the agencies) issued proposed regulations on the requirements for drafting and issuing SBCs and the uniform glossary that is required to be provided by plans as well.
A summary of those proposed regulations are available here.
On February 9, 2012, the agencies released final regulations on the requirements for drafting and issuing SBCs and the uniform glossary that is required to be provided by plans as well. The new rules take effect on April 16, 2012.
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