May 14, 2020

HHS Releases Final 2021 Notice of Benefit and Payment Parameters

On May 7, HHS released the final 2021 Notice of Benefit and Payment Parameters. The final notice will be published in the Federal Register on May 14. The Notice updates many important ACA-related topics for health plans and issuers, such as out-of-pocket cost limit and medical loss ratio changes for 2021.

Contemporaneously, the HHS also issued the Final 2021 Annual Letter to Issuers which provides guidance to issuers that want to offer QHPs on a Federally-facilitated Exchange and the final Key Dates Charts for the 2020 Calendar Year.