Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Text of CMS Notice: Premium Adjustment Percentage, Maximum Annual Limitation on Cost Sharing, Reduced Maximum Annual Limitation on Cost Sharing, and Required Contribution Percentage for the 2023 Benefit Year (PDF)
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS] [Official Guidance] Dec. 29, 2021 "[T]he premium adjustment percentage for the 2023 benefit year is 1.4408219719 ... which represents an increase in [employer-sponsored insurance] premiums of approximately 44.1 percent over the period from 2013 to 2022.... [T]he 2023 maximum annual limitation on cost sharing is $9,100 for self-only coverage and $18,200 for other than self-only coverage. This represents an approximately 4.6 percent increase above the 2022 parameters of $8,700 for self-only coverage and $17,400 for other than self-only coverage ... Using the 2023 premium adjustment percentage ... results in the 2023 required contribution percentage under section 5000A of the Code of 8.00 × 1.0210488592 or 8.17 percent ... an increase of approximately 0.08 percentage points from 2022." |
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