We are approaching another deadline for health reform, March 23, 2011. This is the date that HHS is supposed to release guidance regarding the four-page summary of benefits and coverage. Under health care reform as a part of the notification requirements, all applicants and enrollees must be provided a “summary of benefits and coverage” prior to enrollment or re-enrollment.
As details of health reform begin to unfold, it is evident that employers will be burdened with additional reporting and disclosure requirements to both their employees and the government. One example already addressed in the blog is the inclusion of health benefits in the employee’s Form W-2. There are three additional reporting requirements we will highlight and address in separate articles: grandfathered disclosure statement, CHIPRA, and Creditable Drug Coverage.