News & Updates
December 21, 2016
A final Notice of Benefit and Payment Parameters from the U.S. Department of Health and Human Services (HHS) addresses, among other things, the requirement under the Affordable Care Act that non-grandfathered group health plans limit annual out-of-pocket cost-sharing for coverage of essential health benefits under the plan. The law requires that these limits be updated annually.
HHS updated the annual limits based on the premium adjustment percentage for 2018. As a result, annual out-of-pocket expenses may not exceed $7,350 for self-only coverage or $14,700 for family coverage in 2018.
For other employer requirements, please visit Health Care Reform.
For questions, please contact a member of your b&p Sales Team - 888.722.3373.