EBIA Weekly Newsletter

DOL Issues Proposed Revisions to SBC Template and Related Materials

   February 25, 2016

Information Collection Request: Summary of Benefits and Coverage and Uniform Glossary Required Under the Affordable Care Act, 81 Fed. Reg. 9887 (Feb. 26, 2016); Templates, Instructions, and Related Materials—Proposed (NEW)

Information collection request

Proposed template and related materials

Visit the Health Care Reform Community on Checkpoint to join the discussion on this development (for Checkpoint subscribers to EBIA’s Health Care Reform manual).

The DOL has issued proposed revisions to the template and related materials for the summary of benefits and coverage (SBC). At the time the agencies issued final SBC regulations in June 2015 (see our Checkpoint article), they indicated that they would issue revised materials to apply to plan or policy years beginning on or after January 1, 2017. A request for comments on the template and related materials will appear in the February 26th Federal Register.

We will cover this development in next week’s EBIA Weekly. Meanwhile, for more information about SBC requirements, see EBIA’s Health Care Reform manual at Section XVI (“Summary of Benefits and Coverage (SBC)”) and EBIA’s ERISA Compliance manual at Section XXIV.O (“Summary of Benefits and Coverage (SBC) Under Health Care Reform”).

Contributing Editors: EBIA Staff.