What information does a 'summary of benefits and coverage' (SBC) provide?

A 'summary of benefits and coverage' (SBC) is designed to give individuals a clear and concise overview of a health insurance policy's benefits and coverage. Specifically, it highlights essential details such as covered services, cost-sharing responsibilities (like deductibles and copayments), and limitations or exclusions. The purpose of the SBC is to present complex insurance information in a straightforward manner that is easy for consumers to understand, aiding them in making informed decisions about their health insurance options.

This document is particularly valuable during the enrollment process, as it allows potential policyholders to compare different plans side by side, focusing on key aspects of coverage without wading through overly technical language or extensive policy documents. The simplicity and clarity of the SBC are key features that help demystify health insurance for consumers, making Option B the accurate choice.