Under Gov. Matt Bevin’s proposed Medicaid expansion plan, Kentucky HEALTH, beneficiaries would use an account fully funded and provided by the state to pay for the first $1,000 of their healthcare expenses.
At the end of each year, the state would transfer half of any unused deductible balance up to $500 to a recipient’s My Awards account. Members have the option of earning the full amount of the account in cash by exiting Medicaid and joining a commercial plan for at least 18 months.
Amanda Stamper, Gov. Bevin’s press secretary, said the proposal motivates recipients to become more self-sufficient and less dependent on the state, according to the article.
CMS has yet to approve Kentucky HEALTH.
More articles on payer issues:
Arizona wants to put 2 health insurance co-ops into receivership
3 companies protest $58M DoD TRICARE contracts, including one winner
To speed rulings, Aetna judge passes off Anthem merger
