What is an HRA SBC?
One of the many requirements imposed by Health Care Reform is that certain group health plans must prepare and provide a Summary of Benefits and Coverage ("SBC"). The primary purpose of the requirement appears to be the provision of uniform and consistent information regarding plan coverage to facilitate comparison and evaluation of different coverage options, and enable persons eligible for more than one type of coverage to make the best choice. Many of the compliance specifics (e.g., required content, required format, timing of distribution, etc.) can be traced back to this basic purpose Very Important: The SBC is not provided instead of the summary plan description ("SPD") required under the Employee Retirement Income Security Act of 1974 ("ERISA"). It is a separate and distinct document.Find another question