For ALL groups beginning with a May 1, 2017 effective date and later, the Affordable Care Act (ACA) requires using the new federal Summary of Benefits and Coverage (SBC) template. This form replaces the version in use since 2012. Employers will notice an 8-page limit is now included as part of the form.
Standard and language-specific formats are available through the CMS Website. Your Benefits Specialist at Basi Insurance Services can also provide you with the new template and walk through specific changes. Call us at 209-847-3065.
For individual policies, a new SBC template will be used for this year’s Open Enrollment, with a January 1, 2018 effective date.