2017 NOTICE OF BENEFIT & PAYMENT PARAMETERS

On Feb. 29, 2016, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2017. This rule describes benefit and payment parameters under the Affordable Care Act (ACA), applicable for the 2017 benefit year, including standards relating to:

• Annual limits on Cost-sharing

• Large Employer and Small Employer Definitions

• Small Business Health Options Program (SHOP)

• Exchange Open Enrollment Period for 2017 and Later Years

• New Category of Exchange

• Standarized Plan Options

• Individual Mandate's Affordability Exemption

• Medical Loss Ratio Rules

Contact 360benefits for a detailed summary of this notice.