With the onset of the Patient Protection and Affordable Care Act, a whole new world of required technology has become necessary for carriers. Because the law has a plethora of unknowns, the role benefits advisors played in the last few years is going to dramatically change in 2014 and beyond.
The Patient Protection Affordable Care Act (PPACA) is upon us and is making many a bit uneasy –especially insurance carriers and producers. This was implemented because the United States is spending twice as much on health care as other developed countries with less than optimal results; hence, a reform to bring improvements and efficiency is being seen as…
The time is ripe for health plans to strategize their options to meet the PPACA-required changes for Summaries of Benefits and Coverage (SBCs). In another six months, it will be mandatory for health plans to provide timely, tracked, uniform SBCs.
by Stephanie Castro2012
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