Recently, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2020. This proposed rule describes benefit and payment parameters under the Affordable Care Act (ACA) that would be applicable for the 2020 benefit year.

Notable Changes for 2020

The out-of-pocket maximum (OOPM) will increase.

OOPM: $8,150 for self-only coverage and $16,300 for family coverage
Affordability threshold: 8.24% of household income

Source: HR360