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CMS Issues the Proposed Payment Notice for the 2020 Coverage Year

Posted on Sunday, January 20, 2019 4:56 PM

Last week, CMS issued the proposed annual Notice of Benefit and Payment Parameters for the 2020 benefit year.  This rule, proposes regulatory and financial parameters applicable to qualified health plans (QHPs) on the Exchanges, plans in the individual, small group, and large group markets, and self-funded group health plans.

“Following the first-ever drop in premiums for plans sold on the Federal Exchange for 2019, in another first CMS is proposing to reduce the Exchange user fee charged to insurers to fund Exchange operations,” said CMS Administrator Seema Verma. “Reducing this user fee will reduce the premium each consumer pays in 2020. Under President Trump’s leadership, we’re finally moving the Exchange and the market in a new and positive direction.”

Click here for the full press release.

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