SBC Changes Delayed

The proposed deadline for providing revised Summaries of Benefits and Coverage and Glossary of Terms (collectively, SBC templates) to health plan members has been delayed.

In December 2014, the U.S. Departments of Labor, Health and Human Services and the Treasury proposed changes to the SBC regulations and SBC templates that would take effect Sept. 1, 2015.

However, the departments recently released a Frequently Asked Question (FAQ) that indicates the proposed regulations will apply to plan years new or renewing on or after Jan. 1, 2016. Revised SBC templates will be finalized by January 2016 and will apply to health coverage that would renew or begin on the first day of the first plan year that begins on or after Jan. 1, 2017.

Read this FAQ for more information.

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