Employment, Labor & Benefits Advisory: Labor, Health and Human Services, and Treasury Departments Issue Proposed Regulations Implementing the “Summary of Benefits and Coverage” Requirement under the Affordable Care Act
9/6/2011
The Patient Protection and Affordable Care Act directs the Departments of Labor, Health and Human Services, and Treasury to develop, in consultation with the National Association of Insurance Commissioners, standards for use by group health plans and health insurance issuers for providing summaries of benefits and coverage to insureds, plan participants, and beneficiaries. On August 18, 2011, the departments issued proposed regulations interpreting the summary of benefits and coverage requirement. At the same time, the departments issued a series of model summary of benefits and coverage templates, instructions, and a proposed uniform glossary of key terms.
