HHS Awards New York $10.8 Million for Health Insurance Exchanges
The Department of Health and Human Services (HHS) announced today that New York will receive an additional $10,774,898 in federal grant money for the planning and establishment of its health insurance exchanges for individuals and small businesses.
The funding will help the state support background research, stakeholder input, information technology systems, and expanding the capacity of its consumer assistance program to serve the needs of small businesses and individuals in regions of the state that currently have limited access.
New York was previously awarded a federal Exchange Planning and Establishment Grantto study the feasibility of implementing exchanges in the state, an Early Innovator Grant to design and implement the information technology infrastructure needed to operate health insurance exchanges, and a Consumer Assistance Program Grant to expand capacity within the state to help consumers navigate the health insurance system to find the most affordable and secure coverage that meets their needs.
New York will have multiple opportunities to apply for renewed funding for the planning and establishment of its exchanges in the years ahead. However, New York’s health insurance exchanges must be financially self-sustaining by January 1, 2015.
In addition, HHS Secretary Sebelius announced a potential new partnership opportunity that will allow states to work with HHS to set up exchanges, with some activities performed by the state and others by HHS. States that have been slow in planning or establishing their exchanges can use the partnership model to transition to running their exchanges independently.
The Affordable Care Act established the state-based health insurance exchange program to enable individuals not covered by employer-based or governmental health insurance to buy coverage, and to offer subsidies to low to moderate-income Americans who buy insurance through the newly established exchanges. Contact: Danielle Drayer