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Tuesday, June 9, 2020
CMS last week approved Indiana's proposed plan to...
...allow members of its Healthy
Indiana Plan (HIP), which serves the state's Medicaid expansion population, to
spend up to $1,000 of their annual HIP benefits on commercial insurance fees if
they make the transition to private coverage. The state provides HIP members
with $2,500 per year in a "POWER" account, which functions similarly
to a health savings account. Former HIP members can use the $1,000 balance on
commercial premiums, deductibles, copayments and other forms of cost-sharing.
The state's Medicaid program currently serves 398,615 expansion members, who
represent about 28% of the overall Medicaid population.
From AIS’s Directory of Health Plans
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