The updated template and related materials for the summary of benefits and coverage (SBC) are required for annual open enrollment periods beginning on or after April 1, 2017. For calendar year plans, this means that the updated template must be used for the 2018 open enrollment period.
Employers should do the following to prepare for the new SBC template and related materials for the 2018 open enrollment period.
- Self-funded plan sponsors should ensure that they are using the new template.
- Employers with insured plans should make sure the carrier is providing the correct version of the template.
Contact SIMA Benefits Consulting Group with any questions about preparing for your 2018 open enrollment period.