{"id":87,"date":"2011-04-11T19:40:34","date_gmt":"2011-04-11T19:40:34","guid":{"rendered":"http:\/\/bcgfl.com\/site\/?page_id=87"},"modified":"2011-04-11T19:40:34","modified_gmt":"2011-04-11T19:40:34","slug":"notice-of-material-plan-change","status":"publish","type":"page","link":"http:\/\/bcgfl.com\/site\/?page_id=87","title":{"rendered":"Notice of Material Plan Change"},"content":{"rendered":"

Plans Covered:<\/strong> As required by PPACA, participants must be provided with a notice if changes have been made to an insurance plan.\u00a0 Changes can be communicated by issuing a Summary of Material Modification (SMM) or a Summary of Material Reduction in Covered Services\/Benefits (SMR).\u00a0 An SMM communicates general changes to plan benefits.\u00a0 The SMM must be issued to all covered participants no later than 210 days following the plan year in which the change is adopted.\u00a0 An SMR communicates any \u201cmaterial reduction in benefits or services.\u201d\u00a0 It must be sent to all covered participants within 60 days of adoption of the material reduction and, again, do not forget your COBRA participants.\u00a0 There is no standard format or required language for an SMM or SMR, so a summary of changes that also conveys the value of benefits can be easily developed.
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