Final Regulations – 2018 Notice of Benefit and Payment Parameters

Final Regulations – 2018 Notice of Benefit and Payment Parameters

The following information was received from our partner Cigna

On December 16, 2016, the Department of Health and Human Services (HHS) issued final regulations related to a wide range of Affordable Care Act (ACA) provisions. These final regulations, effective for plans and plan years beginning on and after January 1, 2018, are relatively the same as the proposed regulations issued August 29, 2016. Among a variety of provision updates that primarily impact the individual and small group markets, the final regulations also include an increase to the consumer out-of-pocket maximum, up to $7,350 for individual coverage and $14,700 for family coverage ($7,150 for individual, $14,300 for family in 2017).

The 2018 annual out-of-pocket maximum increase will directly impact large group health plans.

The final regulations also include a number of provisions intended to strengthen the Health Insurance Marketplace, including:

  • Updating the risk adjustment program for insurers with high-cost enrollees
  • Ensuring that special enrollment period rules are enforced
  • Attracting additional young, healthy participants to the Marketplace
  • Removing barriers to new insurers entering the Marketplace
  • Ensuring that enrollees transition to Medicare when they become eligible
  • Increasing the number of standardized plan options
  • Allowing greater flexibility in Bronze plan designs
  • Enhancing the direct enrollment process through web brokers

Review the information at these links for additional details:

Health Care Reform, Employee Benefits, and HR Compliance from FosterThomas

Since 1993, FosterThomas has delivered cost-effective, proactive, custom employee benefits solutions. We address them through the design and delivery of the perfectly loaded benefits package that will help you attract and retain employees, while implementing alternative wellness & risk management ideas to contain health care costs. Let’s talk.



About the Author

FosterThomas is a leading professional services company that provides solutions in the areas of Human Resources Consulting and Outsourcing, HR Staffing, Outsourced Recruiting, Employee Benefits Brokerage, Payroll Implementation and Services, HR for Government Contractors, Business Insurance, HR Compliance and Risk Management. We help organizations by providing solutions designed with a focus on cost containment strategies and increasing HR efficiency. FosterThomas HR Consulting was established in 1993 with offices in Annapolis, Maryland (Corporate), McLean, Virginia and Raleigh, North Carolina. Today, FosterThomas occupies a unique position as a full service provider of HR services.

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