How often must an insurance company send a summary of benefits to enrollees?

Insurance companies are required to send a summary of benefits to enrollees annually. This requirement ensures that policyholders receive updated information on their health insurance coverage and any benefits, limitations, or exclusions associated with their plans. Providing this information on an annual basis aligns with regulatory standards aimed at maintaining transparency and helping policyholders make informed decisions regarding their insurance options.

Regular communication about benefits is vital for understanding coverage levels, co-pays, deductibles, and changes in policy. While more frequent updates may benefit some consumers, the annual summary strikes a balance between keeping enrollees informed and managing the administrative burdens on insurance companies. This practice supports consumers in engaging with their health care resources effectively and knowing what to expect from their coverage each year.