As background, the Affordable Care Act (“ACA”) requires a summary of benefits and coverage (“SBC”) and uniform glossary to be provided to plan participants at time of enrollment. Significant penalties (up to $1,000) may be imposed for each individual who does not receive this summary. If any material changes are made to the document outside of renewal, the participant must be notified 60 days prior to the effective date of the change.
 |
 |