Group SBC Documents Released On October 15

By now, you should have received a Message Center alert directing you to your 2015 Summary of Benefits and Coverage (SBC) documents. The SBC is a key disclosure that gives information about your NRECA medical, dental, and vision plans. Employees use it to compare plan features and make coverage decisions. Your cooperative will receive an SBC for all medical plans except for the Retiree Medical Coinsurance Plan. Also, If your co-op pays 100% of the premium for the NRECA Dental Plan or the NRECA Vision Plan, you will receive dental and vision SBCs, as appropriate. You must give the SBC to all participants and employees who are eligible for these plans at the same time that you distribute annual enrollment materials or by November 1, 2014, whichever is earlier.

Distribute and acknowledge SBCs right away
Your SBCs are located on the Employee Benefits website in the section entitled Summary of Benefits & Coverage. A link in the Message Center alert also takes you there.

For information on how and when to distribute your SBCs, review the distribution guidelines on the BA Assistant section of the Employee Benefits website. You’ll also find a list of SBC Frequently Asked Questions in the Documents for Co-ops section of the Employee Benefits website.

Once you’ve distributed the SBCs, fill out the acknowledgment form on the Employee Benefits website. Follow the link in the original SBC notification alert. You also can go directly to the acknowledgment form on the Employee Benefits website on the Summary of Benefits & Coverage Distribution page. You can acknowledge distributing SBCs for multiple plans in one step.

If you have any questions about distributing your SBCs, contact benefits compliance at 866.673.2299, option 7, or at group.compliance@nreca.coop.