| September 20, 2013 Legislative Update Affordable Care Act Question of the Week: Summary of Benefits and Coverage The “Question of the Week” answers frequently asked questions regarding the Affordable Care Act (ACA). This week, we feature a question about the Summary of Benefits and Coverage (SBC).
Q. If there is a group with an Oct. 1, 2013, effective date, will it get the new 2014 SBC template? A. No. The new SBC template with Minimum Essential Coverage/Minimum Value language is only for coverage beginning on or after Jan. 1, 2014, at the group's renewal date. A group with an Oct. 1, 2013, would receive the existing SBC template. This communication is intended for informational purposes only. It is not intended to provide, does not constitute, and cannot be relied upon as legal, tax or compliance advice. The information contained in this communication is subject to change based on future regulation and guidance. |