Coming Fall 2012: Summary of Benefits and Coverage (SBC)
Under the federal Affordable Care Act, health insurers and group health plans are required to provide an SBC to those who have private insurance. This regulation is intended to give members clear and consistent information about their health plan and a glossary of common health care terms, helping them better understand and evaluate their choices.
Beginning on or after September 23, 2012, we'll provide an SBC to self-funded and fully insured accounts upon renewal, application, request, and when material changes occur, at no additional charge. The SBC will only include a description of benefits that we insure or administer, and not a description of benefits that accounts delegate to another third-party insurer or administrator.
Read the entire update on Summary of Benefits and Coverage (SBC).
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