Under the Affordable Care Act, plans must provide a “Summary of Benefits and Coverage” (“SBC”) under certain situations. The U.S. Departments of Health and Human Services, Labor, and the Treasury issued joint proposed regulations that clarify when and how the SBC must be provided and address the content of the SBC. They also issued a proposed revised SBC template and proposed revised uniform glossary to be effective for plan years beginning on or after September 1, 2015.
The proposed regulations are available here.
The revised template is available here.