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The time is right for summary plan information standards

By
  • John Lamb
Published
  • May 01 2012, 1:00am EDT
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When HHS published its template for a Summary of Benefits and Coverage my first thought was, "Wow, this looks a lot like the summary information available in my products and many other products on the market. Now we have yet another version of how to communicate benefits to consumers, and we have the government telling the experts how to do something we have been doing for years."

However, on further reflection I thought maybe this is an opportunity to develop some standards for how insurance carriers provide summary plan information.

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