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Reminder: New SBC Templates and Glossary Required for Plan Years After December 31, 2020
Cheiron 
[Guidance Overview] Dec. 2, 2020 "In 2019 [CMS] revised the Summary of Benefits and Coverage (SBC) materials and supporting documents for use for plan and policy years that begin on or after January 1, 2021. The revisions to the forms and templates reflect the elimination of the individual mandate requirement, which became effective for the 2019 plan year.... All SBC materials for plan and policy years beginning on and after January 1, 2021 must comply with the new requirements." [Editor's note: Links to CMS materials and supporting documents are available here.] |
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