Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Feds OK Alaska Affordable Care Act Waiver Plan

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

The Trump administration announced Tuesday that it has granted Alaska a waiver from the usual Affordable Care Act individual health insurance market rules.

The waiver will let Alaska use some federal cash to fund a state reinsurance program aimed at helping plans pay for the cost of covering enrollees with costly health problems, such as kidney disease serious enough to require the regular use of kidney dialysis.

Officials at the U.S. Department of Health and Human Services and the U.S. Treasury Department used the Affordable Care Act Section 1332 waiver program provision to grant Alaska the waiver.

(Related: Price Reboots ACA Reboot Program)

The Affordable Care Act Section 1332 provision gives states the right to ask for waivers from some Affordable Care Act rules.

In December, the administration of former President Barack Obama granted a Section 1332 waiver application filed by Hawaii. The administration let Hawaii eliminate the small-group public exchange division at its Affordable Care Act public exchange. Hawaii is using the federal money that could have gone toward the small-group tax credit program, which was rarely used in Hawaii, to fund a state program that helps small employers pay for health coverage.

The Centers for Medicare and Medicaid Services has posted waiver program documents, including the Alaska approval letter, here.

— Read Obama Administration OKs Hawaii ACA Waiver Program on ThinkAdvisor.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.