On Nov. 21, 2014, the Department of Health and Human Services (HHS) issued the 2016 Notice of Benefit and Payment Parameters Proposed Rule, which contains several proposed changes for 2016. Among these changes are adjustments to the reinsurance program’s annual contribution rate, the Health Insurance Marketplace open enrollment period for 2016 and following years, and annual limitations on cost-sharing.
The transitional reinsurance program, created by the Affordable Care Act (ACA) to help stabilize coverage premiums in the individual market for the first three years of the Exchange, imposes fees on health insurance issuers and self-insured group health plans. The fees are lowered each year that they are assessed. Read More
