The Summary of Benefits and Coverage (SBC) is a document that all insurance companies are required to provide consumers as a result of health care reform. It is a standardized summary of health plan benefits and coverage, including covered benefits, cost sharing examples, and coverage limitations and exceptions.
Provide individuals with standard information so they can compare medical plans as they make decisions about which plan to choose. Health insurers must provide the SBC to individuals:
The SBC must include a: