New ACA FAQ – Disclosure with respect to Preventive Services

Posted August 11, 2014 Company News

In a collaborative effort, the DOL, IRS, and HHS released a new FAQ to address what notice requirements apply when a closely-held, for-profit corporation alters its health plan coverage for contraceptive services mid-year. The FAQ explains that the plan’s materials, including the plan’s Summary Plan content:encoded, must describe the extent of the plan’s limitation or exclusions for contraceptive services. The elimination of contraceptive coverage is considered a material reduction in covered benefits subject to the regulation’s expedited disclosure process under which a 60-day notification requirement applies.

 


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