Insurance Technology Featured Article

HHS Receives $1.5 billion to Encourage States to Build Health Insurance Marketplaces

January 22, 2013

California, Delaware, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, New York, North Carolina, Oregon and Vermont have been recently granted with $1.5 billion by Health and Human Services (HHS) Secretary Kathleen Sebelius, to purchase any resources that are needed to build a sufficient healthcare marketplace for their residents.

The Affordable Care Act gives consumers and small businesses access to insurance marketplaces, a one-stop shops that will provide access to quality and affordable private health insurance choices similar to those offered to members of Congress by next year starting.

This law recommends that consumers get insurance from qualified health plans that are run directly through marketplaces, where they may be eligible for tax credits to help pay for their health insurance. These marketplaces promote competition among insurance providers and offer consumers more choices.

“These states are working to implement the health care law and we continue to support them as they build new affordable insurance marketplaces,” Secretary Sebelius said. “Starting in 2014, Americans in all states will have access to quality, affordable health insurance and these grants are helping to make that a reality.”

Forty-nine States and the District of Columbia received up to $1 million in grants to help plan for their marketplaces. States may again go for grants through the end of 2014 to build marketplaces on time and use funds through their start-up year.

The Exchange Establishment grants recognize that States are making progress toward establishing grants, but are doing so at different paces. States can choose when to apply for grant funding based on their needs and planned expenditures.

States that are moving at a faster pace can apply for multi-year funding, known as level two establishment grants. States that are making progress in establishing grants through a step-by-step approach can apply for funding for each project year, known as level one establishment grants.




Edited by Ashley Caputo

Article comments powered by Disqus

Related Insurance Technology Articles

Bain & Company Offers Global Insurance Customer Loyalty, 2014

Bain & Company, a business consulting firm, has presented report on "Global Insurance Customer Loyalty, 2014". The new comprehensive customer survey and report includes opinions of 158,000 policyholders in 18 countries in Europe, the Americas and Asia. [ Read More ]
07/24/2014

Insurance Noodle Offers Cyber Liability Coverage

Everyone knows about home, auto, and life insurance; they are staples of everyday life that most people have and some cannot imagine going without. Businesses, too, have insurance packages that protect their buildings and other material possessions. In a time when technological possessions are growing in number and importance, though, are businesses adequately covering those assets as well? [ Read More ]
07/23/2014

Mitchell Enhances WorkCenter Solution with New Dispatch Tools

Mitchell, a company serving Property & Casualty (P&C) claims and Collision Repair industries with its technology, connectivity and information solutions, has announced that it has included new enhancements to the Dispatch module of the WorkCenter claims management solution. [ Read More ]
07/22/2014

Oscar Gives Millenials the Healthcare They Want

The "young invincibles" of the millennial generation may finally be courted by the healthcare industry, thanks in part to the health insurance provider Oscar. [ Read More ]
07/17/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!