The ACA requires plan sponsors to complete and distribute to participants a Summary of Benefits and Coverage (SBC) form annually. 

Last year, the Departments of Labor, Treasury, and Health and Human Services (the Departments), which together are responsible for implementing the group health plan standards under the Affordable Care Act, changed the SBC template and released detailed instructions for completing the SBC. Consequently, plan sponsors will need to significantly revise their SBCs for each plan for the coming plan year.