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Compliance November 18, 2011
Employers Get More Time on Summary of Benefits Rules
November 18, 2011 (PLANSPONSOR.com) - In a FAQ document about the Patient Protection and Affordable Care Act (PPACA) and Mental Health Parity Implementation, the U.S. Department of Labor said employers do not have to comply with proposed regulations about the Summary of Benefits and Coverage rules of PHS Act § 2715 until after final rules are published.
Reported by PLANSPONSOR staff
An applicability date “beginning March 23, 2012” was proposed, but the DoL said until final regulations are issued and applicable, plans and issuers are not required to comply with PHS Act section 2715.
It is anticipated that the Departments’ final regulations, once issued, will include an applicability date that gives group health plans and health insurance issuers sufficient time to comply.
More about the Summary of Benefits and Coverage rules is here.
The DoL FAQ document is at http://www.dol.gov/ebsa/faqs/faq-aca7.html.« Md. Retirement Agency Issues RFP for Corporate Governance Services