CMS adopted new provisions to reduce the out-of-pocket cost for patients who rely on Federal Health Insurance Marketplaces
The Centers for Medicare & Medicaid Services (CMS) announced that it adopted new provisions to reduce the out-of-pocket cost of patients who rely on Federal Health Insurance Marketplaces in 2022. The administration is aiming to reduce the maximum out-of-pocket cost to $400.
CMS announced that the Biden-Harris administration is firmly committed to build on and strengthen the Affordable Care Act (ACA). The aim is to reduce the costs and increase healthcare access.
CMS announced that the 2022 payment notice has provisions that help the consumer differentiate between the plan offerings and allow for future special enrolment periods (SEPs). In addition, CMS announced that nearly 800,000 Americans enrolled in the ACA under the SEP.