SHRM (May 5, 2017)
The U.S. Department of Health and Human Services (HHS), in one of the Obama administration's closing health care-related actions, has finalized the 2018 out-of-pocket (OOP) maximums for health care coverage. The 2018 limits will be $7,350 for self-only coverage (up from the 2017 cap of $7,150) and $14,700 for family/other than self-only coverage (up from $14,300).
The Affordable Care Act (ACA) imposes annual OOP maximums on the amounts that enrollees in nongrandfathered health plans—whether fully insured or self-funded, in the small- or large-group markets—can be required to pay for covered essential health benefits through cost-sharing.
On Dec. 22, 2016, HHS published in the Federal Register its annual Notice of Benefit and Payment Parameters for 2018.
Health Plan Out-of-Pocket Maximums
|Source: Department of Health and Human Services.
Read More HERE