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The ACA created the SBC as a new required plan summary document for employees. It is designed as a short document describing the benefits under the plan in a uniform format, allowing employees to make an “apples to apples” comparison among the employer’s plan options, a family member’s plan options, and even individual plans on the Exchange.
Join us for our next Newfront Office Hours session covering all the SBC compliance aspects for employers. We will review the required content and when to provide SBCs, including electronic distribution options, who must receive them, and which SBCs must be made available. This session will also address the special mid-year modification requirements, new language translation updates for the coming year, and the current status of the regulatory good faith enforcement safe harbor.
The ACA created the SBC as a new required plan summary document for employees. It is designed as a short document describing the benefits under the plan in a uniform format, allowing employees to make an “apples to apples” comparison among the employer’s plan options, a family member’s plan options, and even individual plans on the Exchange. Join us for our next Newfront Office Hours session covering all the SBC compliance aspects for employers. We will review the required content and when to provide SBCs, including electronic distribution options, who must receive them, and which SBCs must be made available. This session will also address the special mid-year modification requirements, new language translation updates for the coming year, and the current status of the regulatory good faith enforcement safe harbor.
Brian Gilmore, Lead Benefits Counsel, VP, Newfront
Click here to view the presentation slides.
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Lead Benefits Counsel, VP
Newfront
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