New Employer SBC Requirements

New Employer SBC Requirements

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Effective September 23, 2012 as outlined in the Affordable Care Act (ACA), employers that offer a group health plan MUST provide a Summary of Benefits and Coverage (SBC) to their employees. Employers must comply upon their plan renewal on or after No

vember 1, 2012.

The health insurance carrier is responsible for creating the SBC”s and making them available to the employer for distribution. Most carriers have published

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them online, however some are mailing them until they establish permanent guidelines. Please feel free to contact us

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for information specific to your carrier.

More informtion about SBC requirements, including penalites for non-compliance can be found by http://arbonpublishing.com/ visiting the DOL website.