Final Guidelines For New Health Insurance Plan Benefit Descriptions Published

The Federal Health and Human Services department issued the final guidelines that large employers and health insurance companies must use to describe the benefits provided in health plans. The deadline to have the new documents complete is Sept 2012.

Beginning in September, the new plan descriptions will provide a 6 page summary of the plan information, such as co-pays and deductibles, along with estimated out-of-pocket costs for delivering a baby, and caring for Type 2 diabetes.

This new information should make it easier for consumers to select plans that will result in lower costs for their health care, by standardizing the information that each plan provides. Thereby making apple to apple comparisons a little easier.

Stay tuned for more.

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