A benefits group wants federal agencies to require the new health plan summary descriptions to go to a tightly focused group of people.
The Employers Council on Flexible Compensation (ECFC), Washington — a group that represents insurers, plan administrators, professional advisors, and others with an interest in the flexible spending account (FSA) market, the health reimbursement arrangement (HRA) market and other benefit account markets — has made that case in letters sent to the Employee Benefits Security Administration (EBSA), an arm of the U.S. Labor Department that is responsible for helping to implement many of the provisions in the Patient Protection and Accountable Care Act of 2010 (PPACA) that affect employee benefit plans.
EBSA is working on proposed regulations relating to a Summary of Benefits and Coverage (SBC), which would implement PPACA Section 2715, a provision that calls for federal regulators to create a standardized health plan description system.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
