Navigation Links
Zane Benefits Publishes New Information on Summary of Benefits and Coverage in 2014
Date:12/3/2013

Park City, Utah (PRWEB) December 03, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on summary of benefits and coverage in 2014.

According to Zane Benefits’ website, with the end of the year approaching and new plan years starting, it's time again for many employers to distribute the Summary of Benefits and Coverage (SBC).

The SBC summarizes the key features of the health plan, such as the covered benefits, cost-sharing provisions, and coverage limitations and exceptions.

The requirement for plan or issuers to provide the SBC started last year. The SBC must be provided beginning on the first day of the first plan year that began on or after September 23, 2012.

Per HHS regulations, the SBC must be offered during the following events:

  • Upon open enrollment.
  • If there are any changes, by the first day of coverage.
  • Mid-year enrollees.
  • Upon renewal.
  • Upon request.

The SBC must contain specific information summarizing key features of the plan and coverage, including:

  • A description of the coverage
  • The exceptions, reductions, or limitations on coverage
  • The cost-sharing provisions of the coverage, including deductible, coinsurance, and copayment obligations
  • The renewability and continuation of coverage provisions
  • A coverage facts label or coverage examples
  • A statement that the SBC is only a summary and that the plan document, policy, or certificate of insurance should be consulted to determine the governing contractual provisions of the coverage
  • A contact number to call with questions and an Internet web address where a copy of the actual individual coverage policy or group certificate of coverage can be reviewed and obtained
  • An Internet address for obtaining a list of the network providers, an Internet address where an individual may find more information about the prescription drug coverage under the plan or coverage, and an Internet address where an individual may review the Uniform Glossary, and a disclosure that paper copies of the Uniform Glossary are available

The SBC is required for both grandfathered and non-grandfathered plans in the insured and self-funded market, as well as the individual market.

Click here to read the full article.

--

About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHealth") for defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about Zane Benefits, visit http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/12/prweb11386064.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Basic Health Insurance Terms
2. Zane Benefits Publishes New Information on Small Business Health Insurance
3. Find a Dallas Dentist Before Dental Benefits Expire
4. Zane Benefits Publishes New Information on Missing Open Enrollment
5. Zane Benefits Publishes New Information on How to Reimburse Exchange Health Insurance
6. Zane Benefits Publishes New Information on Online Health Benefits for Startups
7. PCMA: New Kaiser Permanente Study Shows Benefits of Mail-Service Pharmacies for Chronic Medicines
8. StarBrite Dental Suggests Claiming Dental Benefits
9. Zane Benefits Publishes New Information on Small Business Health Insurance Facts
10. Volunteer Statistics: Benefits of Volunteering, According to New Infographic from CreditDonkey.com
11. Zane Benefits Publishes New Information on Premium Tax Credit and Employer Coverage
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2017)... (PRWEB) , ... August 21, 2017 , ... The American ... Network (AHN), a Highmark Health company, to its Board of Trustees for a ... not-for-profit association of health care provider organizations and individuals that are committed to the ...
(Date:8/20/2017)... ... 20, 2017 , ... A total solar eclipse will occur across the U.S. on ... moon moves between the sun and Earth. This rare event will be magnificent to witness, ... keep you safe on the road during the total eclipse of the sun. , 1. ...
(Date:8/19/2017)... ... August 19, 2017 , ... ... Jr., will feature the Aurum Group in an upcoming episode, slated to air ... of Innovations will feature the Aurum Group; a company committed to supporting dentistry ...
(Date:8/19/2017)... New York, New York (PRWEB) , ... August ... ... Fruit Street Health has announced that it is the first organization with pending ... the CDC’s National Diabetes Prevention Program (“DPP”) via group telehealth classes and live ...
(Date:8/19/2017)... NJ (PRWEB) , ... August 19, 2017 , ... ... Park, NJ, is a diverse community of over 1,000 passionate employees, caregivers, volunteers, ... aging. After Parker at Stonegate changed ownership, it was time to refresh the ...
Breaking Medicine News(10 mins):
(Date:8/17/2017)... , Aug. 17, 2017 Bio-Ess Laboratories, LLC Chief Science Officer, ... titer and present new data on Cell-Ess® Universal Titer Boost ... Boston, MA August 21-25.  The Bioprocessing Summit convenes more ... challenges. ... ...
(Date:8/15/2017)...  Axium Pharmaceuticals Inc., the creator of the drug Truveta ... stages of an IPO. The United States ... cost of a prescription epilepsy drug being $450.00-$1200.00 for a one month ... AXIUM PHARMACEUTICALS, INC ... Another staggering figure is the fact that Americans spent $42 billion on ...
(Date:8/14/2017)... PETACH TIKVAH, Israel , Aug. 15, ... leading developer of adult stem cell technologies for neurodegenerative ... June 30, 2017. ... our pivotal Phase 3 trial to investigate NurOwn ® ... and Chief Executive Officer of BrainStorm. "We have agreements ...
Breaking Medicine Technology: