Final Rule Issued on Summary of Benefits of Coverage and Uniform Glossary | Health Care Reform

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On February 8, 2012, the DOL, IRS, and HHS issued a final rule with respect to Summary of Benefits of Coverage and Uniform Glossary. In general, the rule is effective for the first plan year or open enrollment period beginning on or after September 23, 2012. In short, compliance with the final rule will require health plans to distribute a Summary of Benefits and Coverage (in the form provided by the Departments)

to participants/enrollees and make available a Glossary of Health Coverage and Medical Terms (the glossary has also been provided).