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Proposed Changes to the SBC: New and Improved?
Hill, Chesson & Woody
Dec. 23, 2014
"The bulk of the proposed regulations simply incorporate the sub-regulatory guidance that has been published by way of numerous FAQs since the final rules were published February 2012.... Revisions have also been proposed for the uniform glossary that is required to be made available and provided upon request to plan participants and beneficiaries. Terms such as individual responsibility requirement, minimum value, cost-sharing reductions, premium tax credit, and preventative care will be included."
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