Blog Entries - 2016
Learn about 2017 Out-of-Pocket Maximums, Marketplace Enrollment Period, Marketplace Automatic Reenrollment, Standardized Plan Options In The Individual Marketplace, and Changes To Federally Facilitated SHOP Plans.
On February 29th, the Centers for Medicare & Medicaid Services (CMS) issued the final Department of Health & Human Services (HHS) Notice of Benefit and Payment Parameters for the 2017 coverage year and the final Letter to Issuers. In the final 2017 Notice of Benefit and Payment Parameters, CMS announced that in states where “grandmothered” or “transitional” plans are still allowed, states and issuers will be able to continue to renew them at their option as long as these policies end by December 31, 2017. Previous guidance required these policies to terminate by October 1, 2017.