What is the intent of providing a standardized Summary of Benefits and Coverage in health plans?

The intent of providing a standardized Summary of Benefits and Coverage (SBC) is to allow consumers to easily understand their coverage. This document is designed to present complex insurance information in a clear, concise manner, helping individuals to compare different health plans more effectively. By providing essential details such as what services are covered, the cost-sharing responsibilities, and any limitations or exclusions, the SBC empowers consumers to make informed decisions regarding their health care choices and financial commitments.

The other options do not align with the primary purpose of the SBC. While simplifying legal language is beneficial, the focus of the SBC is more on clarity and ease of understanding rather than simplification of legal jargon alone. Increasing marketing costs is contrary to the goal of standardization, as the SBC aims to streamline information rather than promote additional expenses. Additionally, encouraging consumers to purchase more services is not the objective; instead, the SBC promotes transparency in coverage to ensure consumers are well-informed about what their plans entail.