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Agencies Issue Final Regs on SBC Requirements
Proskauer's ERISA Practice Center [Guidance Overview] July 13, 2015 "These regulations finalize, with very few changes, the proposed regulations issued on December 30, 2014. The final regulations state that the Departments anticipate a new [Summary of Benefits and Coverage (SBC)] template and associated documents will be issued by January 2016 and will apply to coverage that begins or is renewed after January 1, 2017. These final regulations make changes to the initial SBC regulations, issued on February 14, 2012, and codify certain guidance previously set forth in the FAQs about Affordable Care Act Implementation." |
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