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Employers catch a break on updated benefit summaries
By Jerry Geisel
From Business Insurance on Wednesday, March 16, 2016
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In a notice issued last week, the Labor Department said the new SBCs will not have to be distributed until the first day of the first plan year that begins on or after April 1, 2017.

Since most employers have plan years that begin on the first day of the year, that will mean, as a practical matter, that employers will have until Jan. 1, 2018, to distribute the new SBCs. That will give employers and their plan administrators plenty of time to make adjustments to their current SBCs, experts say.

“There shouldn't be any scrambling for employers to make any needed changes after final rules are issued,” said Steve Wojcik, vice president of public policy at the National Business Group on Health in Washington.