To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after January 1, 2020. Employers should review their plan documents to confirm that they include these required changes.
In addition, any changes to a health plan’s benefits for the 2020 plan year should be communicated to plan participants through an updated summary plan description (SPD) or a summary of material modifications (SMM).
Health plan sponsors should also confirm that their open enrollment materials contain certain required participant notices, when applicable—for example, the summary of benefits and coverage (SBC). There are also some participant notices that must be provided annually or upon initial enrollment.
Important Notices
Annual CHIP notice
Medicare Part D creditable coverage notice
Notice of grandfathered status (if applicable)
Annual notice regarding coverage requirements for mastectomy-related benefits (WHCRA notice)
Don’t wait any longer to review your plans. Contact AJM Associates for a full list of 2020 plan changes and requirements.