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

MediaAlpha Launches Direct-to-Quote (DTQ) to Improve Online Consumer Experience

A report released by SNL Financial from data compiled in June of 2014 revealed the insurance industry as a whole spent more than $6 billion in advertising in 2013. While TV, radio and print have limited reach as to how consumers interact with the content, online advertising is the perfect medium to further that interaction into potential sales. And with the increased adoption of smart mobile devices, there are more opportunities for advertisers to create engaging ads that deliver tangible result… [ Read More ]
04/22/2015

Trinity Health Implements athenaOne to Improve Operational Performance and Increase Value to Patients

Trinity Health, a multi-institutional Catholic healthcare delivery system, has entered a partnership with athenahealth, a provider of cloud-based healthcare services, to deploy the athenaOne solution into some of Trinity Health's physician network offices. This solution will effectively help the organization boost revenue, gain valuable insights, streamline patient interactions and reduce administrative work. [ Read More ]
04/16/2015

Infosys: Insurance Must Take Customer-Centric Approach to Technology

A new survey by Infosys has found that insurance companies need to pay more attention to the customer experience as they improve their digital strategies. [ Read More ]
04/15/2015

GetInsured Launches Lean State-based Marketplace Model

One of the biggest changes in U.S. governmental policy as of the last decade is in the passing of the Affordable Care Act. Also known as Obamacare, ACA makes state-based health coverage mandatory for many U.S. citizens, and it allows states to either run their health exchanges through the federal government or through their own marketplaces. [ Read More ]
04/14/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!