summary plan description (SPD)

Soon will be gone the days when a person needs a PH.D. in insurance law to understand how health insurance works...On February 9, 2012, the Obama Administration released final rules on what the Kaiser Health Tracking Survey found to be the most popular provision under the Affordable Care Act (ACA) — known as “section 2715.” Akin to food labels that we use to compare ingredients in our food, section 2715 requires insurance companies and employers to provide people with an easy to understand 4-page summary of what a health insurance policy covers, what’s excluded, and cost information about deductibles, co-insurance, and copayments.

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