Jul

30

CMW News: CMS allocates $49 million to high-risk insurance pool

By Case Management Weekly

CMS is splitting a $49 million grant between high-risk Health Insurance Pools (HIPs) in 31 states. The money was divided based on the number of HIP enrollees in each state, and is intended to help increase access to healthcare by assisting individuals who are uninsured and unable to obtain health insurance due to serious or chronic medical conditions.

The premiums for the HIPs can be very expensive—around $700 per month for an individual. Still, the programs often operate at a loss.

The grants will help offset the costs for deserving individuals and will help make up some of the losses of the program.

Sources: Kaiser Daily Health Policy Report, Salt Lake Tribune