The Corbett administration announced on Tuesday that it was moving forward with developing a state-run insurance exchange.
BAS President Arthur S. Taylor and General Counsel Marla G. Roshkoff attended the AHIP Conference "Preparing for Exchanges" in Chicago this past Wednesday and Thursday.
The three government agencies responsible for the implementation of health care reform (HHS, DOL and Treasury) jointly issued FAQs Thursday addressing the ACA-required Summary of Benefits and Coverage Explanation (SBC). Under the ACA, insurers and group health plans are required to provide an SBC, in easy to understand language, to plan participants, beneficiaries, and other individuals who ask about plan coverage. A plan (or its administrator) that willfully fails to provide an SBC may be fined up to $1,000 for each failure. Proposed guidance issued in August provided a template for plans to use to create an SBC, along with a terms glossary, and set a March 23, 2012 effective date for compliance.