Are your making sure your groups’ members receive a 60-day notice of any material plan modifications?
You should be – because there’s a hefty fine for non-compliance. And it’s required under Health & Human Services regulations that were updated in 2012 as part of the revised Summary of Benefits and Coverage (SBC) document disclosure.
There are three conditions that trigger a 60-day notice to employees. Do you know them? The latest What’s the Word Podcast (Episode 8 in our series) revisits the topic and casts a spotlight on six things you need to know to ensure your groups’ compliance.
Click here to listen to the new podcast.