The Obama administration proposed new rules in August that require employers and health insurers to give health plan participants a clearer picture of their benefits in plain English.
The rules propose a new template for the Summary of Benefits and Coverage (SBC) that may be no longer than four, double-sided pages. It must summarize the key features of the coverage options and contain three examples that illustrate what the plan will cover for common scenarios. The proposal calls for insurers to distribute these summaries by March 23, 2012.
Read more at www.tinyurl.com/summarybenefits.
- Lawsuit-free hiring: The 5 laws you need to know & 4 steps you need to take
- Punch in, punch out: State appeals court allows time clock rounding
- Listen to employee's side of the story before contesting unemployment benefits
- Can we legally give extra vacation time to certain workers; and must we pay for unused days?
- Michigan employers targeted for independent-Contractor audits