Open Enrollment Period for 2016
HHS Issues Final Notice of Benefit and Payment Parameters for 2016
The final rule sets the annual open enrollment period for non-grandfathered policies in the individual market, both inside and outside of the Exchange, for the 2016 benefit year and beyond. Under the proposed Notice of Benefit and Payment Parameters for 2016, the annual open enrollment period would have run from Oct. 1, 2015, through Dec. 15, 2015. However, the final rule modified this schedule, so that the annual open enrollment period for 2016 will begin on Nov. 1, 2015, and run through Jan. 31, 2016.
The final rule does not change the schedule for the Exchange’s open enrollment period for 2015, which ended on Feb. 15, 2015.
On Feb. 27, 2015, the Department of Health and Human Services (HHS) published its final Notice of Benefit and Payment Parameters for 2016. This final rule describes benefit and payment parameters applicable to the 2016 benefit year, including standards relating to:
• The reinsurance program’s annual contribution rate for 2016.
• The 2016 open enrollment period.
• The 2016 annual limitations on cost-sharing.