Summary of Provisions of HHS’ Proposed 2024 Notice of Benefit and Payment Parameters and Other Key Regulations

On December 12, 2022, the Department of Health and Human Services (HHS) released the
proposed Notice of Benefit and Payment Parameters (Payment Notice) for 2024.The notice
includes important proposed rules and parameters for the operation of the individual and small group health insurance markets in 2024 and beyond. This paper summarizes key provisions of the proposed notice, actuarial value calculator, and maximum out of pocket information recently released by HHS.