Does the Summary of Benefits and Coverage (SBC) replace the Summary Plan Description (SPD)?

Author: Jayne Zanglein, Western Carolina University

No. The SBC does not replace the SPD. These documents serve very different purposes.

The SBC provides consumers with information so they can compare benefits and select a health insurance plan that meets their needs. In contrast, the SPD is an easy to understand document that tells participants what benefits the plan provides and how the plan operates.