The Employee Benefits Security Administration (EBSA) is trying to get employers and their benefits advisors ready to issue summaries of benefits and coverage (SBCs) by the Sept. 23 compliance date.
The Patient Protection and Affordable Care Act of 2010 (PPACA) will require health insurers and employers to provide standardized, 4-page SBCs. The SBCs are supposed to help individuals and employers make apples-to-apples comparisons when they're shopping for coverage.
The SBC would include a summary of basic plan features, along with coverage examples that show how a specific enrollee's plan would work if the enrollee had a baby, were managing Type II diabetes, or were dealing with other common illnesses, chronic conditions or life events. Consumers would get SBCs when they apply for coverage or enroll in group plans. Consumers also could get SBCs upon request.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
