Delay of Summary of Benefits and Coverage Requirement
Issued November 29, 2011
On November 17, 2011, the Departments of the Treasury, Health and Human Services, and Labor indefinitely delayed the summary of benefits and coverage (SBC) requirement that would have taken effect March 2012. The Departments released updated Frequently Asked Questions in response to the comments they have received regarding the proposed SBC regulations.
As part of this delay, group health plans and insurance carriers are not required to comply with the SBC requirement until final regulations have been issued. Although the timeframe for this requirement to go into effect has not been issued, the departments have stated that the date will give group health plans, insurance carriers, and plan administrators ample time to comply.