The Affordable Care Act mandates that each group member be provided with a copy of Summary of Benefits and Coverage also known as SBC. The SBC requirements went into effective September 23, 2012 and each group is responsible for distribution at their plan anniversary following this date. There are also requirements for employees that join the plan outside of the anniversary date and strict timeframes for distribution of the SBC.
The SBC’s are now available on Aetna’s website and available for you to download and share with your clients to ensure that they are fulfilling their legal responsibility for delivering the SBC’s to employees. For step-by-step directions and additional information please see the documents below.
As always, Total Benefit Solutions is here to ensure that you are guided through this process and if you have any questions, please do not hesitate to contact our office.