Understanding and Comparing Summary of Benefits
New rules have been proposed under the Affordable Care Act that will require health insurers and group health plans to provide consumers with clear, consistent, and comparable information about their health care coverage.
These new rules will help consumers and employers more easily understand the health care options available to them and help in choosing the best-suited plan. These new rules are scheduled to take effect on March 23, 2012, however, as of November 11, 2011, it is anticipated that final rules will be issued with an applicability date that gives group health plans and health insurers sufficient time to comply.
Read the full press release on the U.S. Department of Health & Human Services' website. You can also read the November 17, 2011 Frequently Asked Questions from the Department of Labor.
This information is provided for informational purposes only and does not constitute legal advice. Please consult your legal counsel regarding your specific situation.
Please note that this content is only intended to describe national health care reform requirements under the Patient Protection and Affordable Care Act (PPACA). It does not address Massachusetts law requirements or the potential impact of Massachusetts law on federal PPACA requirements.
For purposes of PPACA implementation, Blue Cross Blue Shield of Massachusetts assumes the plan year is the policy year, unless an account notifies us otherwise.