CMS finalizes Basic Health Program funding methodology for 2016

CMS has established the methodology for determining federal funding for 2016 for the Basic Health Program, which allows states to establish a health coverage program for low-income residents as an alternative to health insurance marketplace coverage under the Patient Protection and Affordable Care Act.

The voluntary program allows states to offer health coverage to residents who are not eligible for Medicaid, the Children's Health Insurance Program or affordable employer-sponsored coverage and who have household incomes between 133 and 200 percent of the federal poverty level.

The methodology used in 2015 will be adopted and used in 2016, along with updated values for several factors.

View CMS' final notice containing the full methodology for 2016 here.

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