Under the proposed rule, health plans would have to provide a summary of benefits and coverage, as well as a glossary of terms, that “accurately describes the benefits and coverage” under each applicable plan. Insurers would have to give enrollees at least 60 days notice of any significant change in their plan or coverage during the policy year.
The document also implements disclosure requirements to help plans and individuals to better understand their health coverage and compare different plans and coverage levels.
Comments will be accepted until 60 days after its Aug. 22 publishing.
Read the proposed rule on health plan benefit summaries (pdf).
Related Articles on Health Plan Benefits:
U.S. Postal Service Proposes to Withdraw Employees From Federal Health Program
Individual Health Insurance Premiums Cost $136 to $400 Per Month in Varying States
Top 10 States With the Greatest Enrollment in Pre-Existing Condition Health Plans
