Summary of Provisions of HHS’ Final 2021 Notice of Benefit and Payment Parameters and Other Key Regulations

On May 7, 2020, the Department of Health and Human Services (HHS) published the final Notice of Benefit and Payment Parameters for 2021 in the Federal Register. The notice includes important final rules and parameters for the operation of the individual and small group health insurance markets in 2021 and potentially 2022. This paper summarizes key provisions of the final notice, and other related information recently released by HHS.