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HHS Announces Final 2023 Cost-Sharing Maximums under the Affordable Care Act

Last year, HHS issued its final “Notice of Benefit and Payment Parameters for 2022” providing that, beginning with the 2023 benefit year, HHS will publish the maximum annual limit on cost-sharing in guidance issued by January of the year preceding the applicable benefit year, using the most recent National Health Expenditure Accounts income and premium data that is available at the time of publication. HHS recently issued a CMS notice (the “CMS Notice”) providing these annual limits for 2023. The 2023 maximum annual limit on cost sharing is $9,100 for self-only coverage (increased from $8,700 for 2022) and $18,200 for other than self-only coverage (increased from $17,400 for 2022). The CMS Notice is available here. 

January 2022
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