New SBC Template in Effect April 1

A new Summary of Benefits and Coverage (SBC) template goes into effect April 1. The Affordable Care Act (ACA), which may or may not be repealed this year by Republicans, requires that SBCs be distributed to policyholders each year, detailing the coverage they have under their health plan. The April 1 deadline applies to policies coming into effect on that date or later. Thus calendar-year plans must use the new template beginning in January 2018.