What is the definition of a material reduction in covered services or benefits that is subject to the new 60-day notice requirement?
Under the interim disclosure rules, a material reduction in covered services or benefits means any modification to a group health plan or change in the information required to be included in the summary plan description that, independently or in conjunction with other contemporaneous modifications or changes, would be considered by the average plan participant to be an important reduction in covered services or benefits under the group health plan.
