• Clarify when and how a plan or issuer must provide an SBC
• Streamline the SBC template
• Add certain elements to the SBC template that the Departments believe will be useful to consumers
In addition, the final regulations make some of the SBC enforcement safe harbors and transitions permanent, with several modifications.
These regulations finalize provisions in proposed regulations that were published on Dec. 30, 2014, in order to amend prior final regulations from Feb. 14, 2012. According to the Departments, the changes made by these final regulations are designed to improve consumers’ access to important health plan information and to provide clarification that will make it easier for group health plans and health insurance issuers to comply with the SBC requirement.