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DOL's 'Good Faith' Compliance Standard for SBC Rules Fails to Relieve Burden on Employer Plan Sponsors
American Benefits Council
[Opinion] Mar. 20, 2012
" 'We are very disappointed that guidance ... by the departments of Health and Human Services, Labor and Treasury has reiterated that employers will have as little as six months to comply with the ... Summary of Benefits and Coverage (SBC) regulations that the federal government itself was nearly a year overdue in finalizing' Council President James A. Klein said ... following DOL's release of a new Frequently Asked Questions (FAQ) document on the SBC requirements."
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