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:5/3/2016)... ... May 03, 2016 , ... ... director Joe Ferrazano to serve in the newly created position of executive vice ... the agency’s creative efforts in the Chicago and LA offices. He reports to ...
(Date:5/3/2016)... ... May 03, 2016 , ... ... pharmacies, will be represented at the 2016 Asembia Specialty Pharmacy Summit held May ... is the largest U.S. health care conference for the specialty pharmacy industry, with ...
(Date:5/3/2016)... Ind. (PRWEB) , ... May 03, 2016 , ... ... that it has been selected by Tidelands Health, a three hospital system in ... to be constantly on the lookout for technology that enhances communication, drives workflow ...
(Date:5/3/2016)... ... 2016 , ... Nationally recognized personal injury law firm Monge & Associates is honoring ... anyone who wants one for their Mother or any other mother figure. , According to ... Mothers.” Monge goes on to say, “we are choosing to do this by giving ...
(Date:5/3/2016)... ... 03, 2016 , ... Ogawa World USA introduced the first of its kind ... exclusive Smart Application. The Smart 3D combines the best in technological advancement, design, and ... profile and specialized massage program, each user has a tailored experience unparalleled by any ...
Breaking Medicine News(10 mins):
(Date:5/3/2016)... Pharmaceutical giant Johnson & Johnson ... woman who says its talc-based powder products caused ovarian ... $5 million in compensatory damages and $50 million ... ) , This is the second ... February, the same court awarded $72 million to the ...
(Date:5/3/2016)... 2016  Forté Elements, LLC (Forté) is excited to announce the launch of its ... nutritional needs of recovery for a variety of clinical conditions. Founded in 2013, Forté ... http://photos.prnewswire.com/prnh/20160502/362548 Logo -  http://photos.prnewswire.com/prnh/20160502/362547LOGO ... ... ...
(Date:5/2/2016)... Leading Economies with Fastest Real GDP Annual Percentage Change, 2015  ... 7.8 India 7.3, , Source: IMF and TechSci Research   ... Brazil , Russia , India ... , registered the fastest GDP growth during the first decade of the 21 ... in Brazil and Russia , along ...
Breaking Medicine Technology: