WASHINGTON, D.C. – Today, U.S. Senator Jacky Rosen (D-NV) released the following statement applauding the U.S. Centers for Medicare & Medicaid Services (CMS) for awarding $1,046,499 in funding to the Silver State Health Insurance Exchange to increase consumer access to affordable, comprehensive health insurance coverage. This funding comes as part of the Rosen-backed American Rescue Plan Act’s State Marketplace Modernization Grant initiative.
“The health challenges of the COVID-19 pandemic have made clear the need for, and importance of, access to quality, affordable health care,” said Senator Rosen. “I’m committed to protecting the health and well-being of all Nevadans, and I’m proud to have helped pass the American Rescue Plan Act, which provides this funding to expand access to health care in our state and get more Nevadans enrolled and covered.”
BACKGROUND: The Centers for Medicare & Medicaid Services (CMS) awarded $20,000,000 in funding to 21 State Marketplaces who applied to receive a State Marketplace Modernization Grant. The new grant initiative was funded under the American Rescue Plan (ARP) Act of 2021 to enable State Marketplaces to modernize or update any system, program, or technology to ensure the Marketplace is compliant with all applicable federal requirements. The requirements include the new ARP provisions that increase the financial assistance available to certain taxpayers and consumers in Plan Years 2021 and 2022 who enroll in a Qualified Health Plan (QHP) through a marketplace.
Final grant awards range from $500,000 to $1,107,392 and are based on the State Marketplace model and the number of successful applicants. Grants were awarded for a 12-month period of performance, which runs from September 10, 2021, through September 9, 2022.
In March, Senator Rosen voted to pass the American Rescue Plan Act, which was signed into law by President Biden that same month.