September 23, 2012 is right around the corner. What is the significance of September 23, 2012? It is the last day that the health insurance carriers have to release their SBC's (Summary of Benefits and Coverage) to all it's members. If you are on a group plan your employer is responsible to make sure you have access to the SBC. If you are on an individual plan, your carrier should let you know how to retrieve it online if they do not send you a hard copy.
Why is the SBC important? It details the plans so that they can be compared to other plans on an apples to apples basis. In other words, it is to help the insured understand what they have and what it covers. All SBC's must include the cost of childbirth and type 2 diabetes.
Putting together and getting out these SBC's have costs the insurance carriers $188 million so far. It is important to understand the value of the SBC's and not let this important tool go unnoticed and put in the pile of papers to never be seen again. Consumers need this information to be informed.
If you have questions about you SBC from any insurance carrier, please call us at (714)680-5900 or you can email us at info@ansainsuranceservices.com . We work with all major carriers including Aetna, Anthem, Blue Shield, Cigna, Kaiser, United and CalChoice. You can find out more about us at www.ansainsuranceservices.com .
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