The Departments of Health and Human Services, Labor, and Treasury have proposed new rules under the Affordable Care Act that will enable consumers to easily understand their health coverage and determine the best health insurance options for themselves and their families. The proposed rules will enable consumers to make apples-to-apples comparisons of available options. Likewise, these proposed rules will assist employers in finding the best coverage for their business and their employees.
Under the proposed rules, health insurers and group health plans will provide consumers with clear, consistent and comparable information about their health plan benefits and coverage. The new forms are scheduled to be available in 2012. Specifically, the proposed regulations would ensure consumers have access to two forms that will help them understand and evaluate their health insurance choices, including: an easy to understand Summary of Benefits and Coverage; and a uniform glossary of terms commonly used in health insurance coverage, such as “deductible” and “co-pay”.
Secretary of Labor Hilda Solis says this proposal – is a common-sense step that will help workers quickly and easily compare different coverage options, in order to make more informed decisions.