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An exciting day for 13 states: HHS annouces more funding to assist in insurance exchange efforts

Deltek Analyst Amanda White reports.

Today, the Department of Health and Human Services (HHS) awarded roughly $220 million in health insurance exchange funding to 13 states: Alabama, Arizona, Delaware, Hawaii, Idaho, Iowa, Maine, Michigan, Nebraska, New Mexico, Rhode Island, Tennessee and Vermont. These grants will be used to further state efforts in establishing the one-stop insurance shops. The department also released a series of answers to frequently asked questions states should be aware of when setting up these novel systems. The document covers topics such as what type of funding will be available to assist states in establishing the exchanges under the varying options (state, partnership, or federally-run), costs of the exchange, eligibility determination, risk adjustment, data collection, quality certification requirements, and much more.
According to the Center for Medicaid and CHIP Services (CMCS), today’s award brings the number of states making significant progress in creating the exchanges to 29. Moreover, in response to the stringent timelines and state legislative sessions, HHS announced a six-month extension of the Level 1 Establishment Grant. Applications will now be due on June 29, 2012, instead of December 30, 2011. Here’s a quick run-down of today’s awards:

For the complete blog, go here.

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