Preparing for the Affordable Care Act’s Summary of Benefits & Coverage (SBC) Requirement
Overview:
Earlier this year, the IRS, HHS and the DOL released final regulations under the Affordable Care Act’s “Summary of Benefits and Coverage” (SBC) requirement.
The SBC is a summary of health plan benefits and participant cost-sharing requirements. It also includes a glossary of common health plan terms to give participants a clear and comprehensible understanding on what their plan covers.
Plan sponsors and insurers are required to begin issuing SBCs as early as September 23, 2012. The final rules contain stiff penalties for failure to comply. Are you ready?
The Knowledge Group has assembled a distinguished group of compliance experts to help employer plan sponsors and insurance companies comply with the new rules. The panelists will share their expertise in a LIVE two-hour Webcast.
Agenda:
SEGMENT 1:
Cynthia A. Moore, Member,
Dickinson Wright PLLC
- • Background/overview/effective date/benefits subject to the SBC
• Who is responsible for delivery of the SBC
• Who has a right to receive the SBC
• Timing of delivery (including advance notice of material modifications)
SEGMENT 2:
Janet Trautwein, Executive Vice President and CEO,
National Association of Health Underwriters (NAHU)
• Format and content of the SBC (including culturally and linguistically appropriate requirement; glossary; and coverage examples)
SEGMENT 3:
Benjamin J. Conley, Attorney, Employee Benefits & Executive Compensation ,
Seyfarth Shaw LLP
- • SBC issues for plans with unique designs
bull; Coordinating SBC preparation among service providers
• Electronic v. paper delivery
• Penalties for failure to comply
Who Should Attend:
- Attorneys, Practice Area: Insurance & Related
– Insurance advisers
– Insurance agencies
– HR & Benefits Executives and Administrators
– Compliance Officers
– Plan Sponsors & Fiduciaries
– Employee Benefits & Compensation Lawyers and Consultants
– Payroll and Benefits Administrators
– Human Resource & Benefits Personnel
– Other Related Professionals
Cynthia A. Moore is a member in Dickinson Wright’s Troy, Michigan office and is the Practice Department Manager of the …
Janet Trautwein is the Chief Executive Officer of the National Association of Health Underwriters (NAHU) in Washington, DC. NAHU represents …
Mr. Conley is an attorney in the Chicago office of Seyfarth Shaw LLP. He focuses his practice on employee benefit …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
124313
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
About Dickinson Wright PLLC
Dickinson Wright PLLC is a full-service law firm of experienced, creative, diverse and dedicated legal professionals. Its attorneys are respected by peers, honored by industry endorsements and recognized through significant appointments to bar associations and the judiciary system. The Dickinson Wright team of nearly 300 lawyers serves clients from law offices in Detroit, Nashville, Washington, D.C., Toronto, Phoenix, Las Vegas, and Troy, Lansing, Grand Rapids and Ann Arbor, Michigan. The Firm has experience in more than 40 areas of legal practice, a worldwide presence due to its virtual office concept and innovative technology systems, and affiliations with leading law firms throughout the world provide the Firm with global reach. From Fortune 500 companies to small and emerging businesses to governmental entities, nonprofits and individuals, every client benefits from Dickinson Wright’s depth of experience, breadth of expertise and focus on providing personalized service
Website: https://www.dickinson-wright.com/Pages/Default.aspx
About National Association of Health Underwriters (NAHU)
Website: https://www.nahu.org/
About Seyfarth Shaw LLP
Seyfarth Shaw LLP is one of the largest employee benefits groups in the U.S., their attorneys proudly and competently represent some of the largest and most well-known businesses engaged in key industries such as manufacturing, retail, health care, insurance and financial services.
The Employee Benefits & Executive Compensation Department is relationship-driven, with a focus on supporting their clients’ ongoing legal counseling needs with respect to the establishment, maintenance and even termination of their retirement, health and welfare, and executive compensation plans and programs. Their group is efficiently divided into internal specialty groups such as those focusing on health and welfare programs, executive compensation, defined contribution plans, defined benefit plans, multi-employer plans and fiduciary advisory services. This ensures that sophisticated issues are handled by attorneys with specialized knowledge who are best equipped to find the quickest and most innovative solutions for their clients.
Website: https://www.seyfarth.com/