Mandated health insurance doesn’t take effect until 2014, but employers already must comply with several key provisions in the Patient Protection and Affordable Care Act (PPACA).
Case in point: A company must provide participants in a group health insurance plan with a summary of benefits and coverage (SBC). In addition, PPACA requires employers to give advance notice of at least 60 days for certain changes in a plan. This includes “material modifications” in plan terms or coverage that are not reflected in the SBC.
We will keep you posted on other changes required by the PPACA that are coming your way.