HHS Releases New Benefit Parameters

Posted February 28, 2017 Industry Insights, Expert Tips, Insurance 101

Health and Human Services (HHS) released its 2018 health benefit and payment parameters.  Employer plan sponsors planning for 2018 will want to take note of the new Annual Cost Sharing Limits for group health plan coverage:

Health Plan Annual Cost-Sharing Limits:

Limits 2017 2018
Individual Coverage $7,150 $7,350
Family Coverage $14,300 $14,700

 

We anticipate the Internal Revenue Service will release the 2018 High Deductible Health Plan Limits in the middle of second quarter.  More information will follow once the figures are released.

For a PDF version of this update, click here.

Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency for your specific company’s needs.  This document should be reviewed by your legal counsel or tax consultant before use.