Summary of Benefits and Coverage (SBC)
A standardized document that summarizes the key features of a health insurance plan, such as covered services, cost-sharing, and limitations.
Detailed Explanation
Insurance companies are required to provide an SBC to help you easily compare different health insurance plans.
Practical Example
During open enrollment, Michael reviewed the Summary of Benefits and Coverage for several different health insurance plans offered by his employer to understand their deductibles, co-pays, and out-of-pocket maximums before making his selection.
Frequently Asked Questions
Related Terms
Need Insurance Coverage?
Request quotes from top insurance providers and find the best coverage for your needs.
Get Free Quotes