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What is the required timeframe for notifying consumers of changes made to an SBC?

  1. 40 days

  2. 30 days

  3. 60 days

  4. 90 days

The correct answer is: 60 days

The correct answer indicates that consumers must be notified of changes made to a Summary of Benefits and Coverage (SBC) within a 60-day timeframe. This requirement is in place to ensure that consumers have timely access to important information regarding their health insurance plans. The 60-day notice period allows individuals to understand any modifications to their coverage, which is critical for making informed decisions about their healthcare options. It helps maintain transparency between insurance providers and consumers, allowing individuals adequate time to review the changes and adjust their plans or decisions as necessary. Notifying consumers promptly helps empower them to remain engaged and informed about their health insurance choices.