Federal agencies are trying to rush a new “carton label” template for health plans out the door.
The Centers for Medicare & Medicaid Services (CMS) and the Employee Benefits Security Administration (EBSA) are putting the final version of the updated Summary of Benefits and Coverage (SBC) through a 30-day paperwork review process, according to a notice published today in the Federal Register.
CMS, an arm of the U.S. Department of Health and Human Services (HHS), and EBSA, an arm of the U.S. Labor Department, are also putting the updated Uniform Glossary that goes with the SBC through a paperwork review process.
Comments are due March 28. The proposed templates and the current templates are available on the EBSA website.
Paperwork review approvals usually last for three years.
The paperwork review notice lists Heather Raeburn as the CMS SBC contact person, Elizabeth Schumacher and Amber Rivers as the contact people for EBSA, and Karen Levin as the contact person for the Internal Revenue Service (IRS).
The Patient Protection and Affordable Care Act (PPACA) now requires issuers of major medical coverage to create SBCs, in an effort to create a simple plan summary document that consumers, employers, brokers and others can use to compare plans on an apples-to-apples basis.
The glossary is supposed to help consumers understand the SBC.
Critics have complained that, even though the SBC concept is popular, the current version of the SBC is less useful than it could be because it’s too hard to read and leaves out important information.
Insurers and state regulators at the National Association of Insurance Commissioners (NAIC) have argued that past drafts of the template were too short and failed to get consumers enough of the right information.