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2023 Final Notice of Benefit and Payment Parameters Released

2023 final notice of benefit and payment parameters

1 minute read

The Department of Health and Human Services released its final Notice of Benefit and Payment Parameters for 2023. This describes the benefit and payment parameters under the Affordable Care Act that apply for the 2023 benefit year.

Final 2023 standards include:

  • The maximum annual limit on cost sharing is $9,100 for self-only coverage and $18,200 for other-than-self-only coverage.
  • Insurers in the federally facilitated and state-based Exchanges must offer certain standardized plan options.
  • The contribution percentage for the individual mandate’s affordability exemption is 8.17%.

Download the bulletin for more details.

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Mari Wagner

Mari Wagner

The greatest badge of success for Mari Wagner is when her customers reach out and let her know how appreciative they are of her help and services. Mari is dependable, driven, committed, and enjoys meeting new people. Mari joined the National Insurance Services (NIS) team after working with NIS for several years on mutual clients benefit plans. She finds that NIS has similar values and mindset to her own. As an Account Manager, Mari works with schools, cities, and counties in the Midwest Region. She is a licensed insurance agent with a background in sales, wellness, managing insurance pools, marketing, and consulting.