Confused about health insurance plans? Now, consumers can just check a label.
As of Sept. 23, insurance companies and employers are required to provide consumers in the private health insurance market a Summary of Benefits and Coverage—a brief summary of what a health insurance policy or employer plan covers.
The new requirement is part of the Patient Protection and Affordable Care Act, and has been the runaway favorite provision of the law, according to a Kaiser Family Foundation poll. With a 60 percent approval rating, it's the only provision in the entire law to be rated favorably by more than half of respondents.
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