Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods.
Group health plans and health insurance issuers are required to provide a summary of benefits and coverage (SBC) to applicants and enrollees each year at open enrollment or renewal time.
Federal agencies have provided a template for the SBC, which health plans and issuers are required to use.
The issuer for fully insured plans usually prepares the SBC. If the issuer prepares the SBC, an employer is not also required to prepare an SBC for the health plan, although the employer may need to distribute the SBC prepared by the issuer. 12/3/2018