- CMS released the final benefit and payment parameters for coverage year 2017.
- A major provision in the new rule is designed to limit the amount of consumers who have surprise out-of-pocket costs at in-network facilities.
- CMS also announced that the open enrollment periods for coverage in 2017 will run from November 1, 2016 through January 31, 2017.
“As the Health Insurance Marketplace continues to mature, we are able to focus on strategies that help it work even better for consumers and insurers,” CEO of the Health Insurance Marketplaces, Kevin Counihan, said in a prepared statement.
“That means making targeted improvements that keep the Marketplace working smoothly for consumers and keeps the Marketplace an attractive place to do business,” Counihan said.
Other provisions under the new rule aim to notify consumers of changes in provider networks, give insurers the option of offering standardized cost-sharing plans, provide ratings Qualified Health Plans, and modify risk adjustment factors to reflect claims data.