SUMMARY OF BENEFITS COVERAGE (SBC)...IT'S ON YOU

Under PPACA (Health Reform), you as an employer, starting with your first open enrollment period after September 23, 2012, will be required to issue a Summary Of Benefits Coverage (SBC) to all health plan participants.  This is an approximate 4 page (front and back) document explaining the key benefits and coverage of the employer plan(s).  In most cases the insurance carrier will provide either copies or a link to a file in PDF format in order to download and distribute.  According to PPACA, the responsibility to distribute the SBC to plan participants lies with the employer group.  This is not to say, that at some point, carriers may decide to simply issue these directly to the plan participants as a courtesy to their clients.