Friday, February 10, 2012

Summary of Benefits and Coverage (SBC) guidance released

Earlier this week, HHS released advance copies of the final regulations and guidance on the Summary of Benefits and Coverage (SBC) requirements.  According to EBIA Weekly, these final regulations are expected to be published in the Federal Register on February 14, 2012; however, a model template and instructions are currently avaiable on the Employee Benefits Security Administration website.  As part of the Affordable Care Act (ACA), the SBC requirements apply to group health plans with enrollment periods on or after September 23, 2012. 

The DOL also released a Technical Release providing guidance on automatic enrollment, employer shared responsibility and waiting periods.

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