Summary of Benefits and Coverage Due to Employees Soon



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You will need to provide a Summary of Benefits and Coverage (SBC) to employees with open enrollment periods beginning 9/23/12.

By Travis Sinquefield

Do you have a company sponsored health plan for your employees? If so, then under the Patient Protection and Affordable Care Act (PPACA) you will need to provide a Summary of Benefits and Coverage (SBC) to employees with open enrollment periods beginning 9/23/12. The SBC must outline, in clear language, the costs and benefits of their health plans and must also include a glossary of terms used in the health insurance coverage. As part of the PPACA, the government has provided a template to use for relaying this necessary information.

If you are fully insured, meaning that the insurance is provided by an outside provider (Blue Cross, Priority, etc.), then this document will be provided to you by the insurance company after you sign the renewal forms. If you are self-insured, then you are required to create this document yourself with the help of your third party administrator.

Useful Links

Full text of the PPACA
Summary of Benefits and Coverage Template – PDF

If you have any questions concerning the PPACA and how it affects your business, please contact Travis Sinquefield.

Travis Sinquefield
HR Manager
616.735.3088
traviss@hscompanies.com