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Health Care Reform Updates - 2018 Cost-Sharing Limits Released

HR360 Posted on December 21 2016 09:50 AM -

HHS Issues Final Notice of Benefit and Payment Parameters for 2018

A final Notice of Benefit and Payment Parameters has been released from the U.S. Department of Health and Human Services (HHS). The notice 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.

Please visit HR360's Health Care Reform section for other employer requirements.

The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. This communication does not constitute a legal opinion and should not be relied upon for any purpose other than its intended educational purpose.

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