Changes Coming to SBCs

Discussed in Cherry Bekaert Benefits Consulting’s (“CBBC”) newest Health & Benefits Update, “Changes Coming to SBCs”, the Departments of Health & Human Services, Labor and Treasury has proposed numerous changes to the health plan Summary of Benefits and Coverage and Uniform Glossary of Terms. The changes clarify many of the existing provisions included in the 2012 final rules and subsequent Frequently Asked Questions. Other revisions being considered include removing references to annual limits for essential health benefits, adding a third coverage example to show potential out-of-pocket costs for treating a foot fracture in an emergency room, and updating and adding new definitions to the uniform glossary. If finalized, the changes would go into effect for plan years beginning on and after September 1, 2015.

For the complete Update, visit the CBBC website.