SUMMARY OF BENEFITS AND COVERAGE
WITH CONSTANTLY CHANGING REGULATIONS LAID OUT BY THE AFFORDABLE CARE ACT, EMPLOYERS MUCH BE ABLE TO SOLVE COMPLIANCE CHALLENGES BEYOND THE DOCUMENT LEVEL.
Since SBCs can be requested at any point during the year beyond the open enrollment period, regular changes to regulations add an extra challenge to the already complex task of developing and maintaining compliant benefits documents and materials.
SBCs not in compliance put employers at risk of costly penalties. It is required that SBCs must be distributed at initial enrollment, by the first date an individual can enroll in coverage, AND at open enrollment (no later than 30 days before the beginning of the next plan year), during HIPAA special enrollment (no later than 90 days after enrollment) and on request (no more than seven business days after a request).
RT Consulting helps reduce the employer’s burden in developing and managing SBCs and allows you to focus on running your business. We apply high-tech solutions to manage benefits data and avoid errors that cost time and money. Our solutions streamline the process of updating materials developed using multiple data streams and plan design changes are instantly reflected in the SBCs.
Key Benefits to Working with RT Consulting:
- Automation ensures consistency and compliance
- Data is centralized and accessible—key attributes for easy SBC generation—not “locked up” in discrete documents in multiple locations
- Secure workflow environment for rule-based review and approval process
- Application of the latest SBC template and requirements