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Reminder: Give employees summary of benefits/coverage

by on
in Office Management,Payroll Management

Now that the U.S. Supreme Court has upheld the legality of the Affordable Care Act health care reform law, your first responsibility under the law is to ensure that for open enrollment periods beginning Sept. 23, 2012, employees receive a summary of benefits and coverage (SBC) and a glossary that defines basic health benefit terms.

Exception: SBCs don’t need to be provided for excepted benefits—stand-alone dental or vision plans or health flexible spending accounts that cover excepted benefits.

While insurers are on the hook for providing SBCs, it’s up to employers to ensure that employees receive SBCs with their enrollment material.

Specific content requirements apply to SBCs; point your browser to http://tinyurl.com/reformsbc, and scroll down the page until you find “Summary of Benefits and Coverage and Uniform Glossary.”

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