Agencies Issue 2027 Notice of Benefit and Payment Parameters Final Rule

The U.S. Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), has issued the final 2027 Notice of Benefit and Payment Parameters (NBPP)—the annual rule that updates policies for federal and state Health Insurance Marketplaces. The 2027 NBPP focuses on Marketplace integrity, enrollment oversight, subsidy administration, and greater insurer flexibility in the individual market. Although the NBPP does not have any direct impact on employer-sponsored group health plans, the final rule does include changes employers should monitor, as shifts in the individual market can affect their employer-sponsored coverage. This alert provides a summary of those changes as well as potential impacts for employers sponsoring group health plans.