Grants to Support States in Health Insurance Rate Review-Cycle II

The summary for the Grants to Support States in Health Insurance Rate Review-Cycle II Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Grants to Support States in Health Insurance Rate Review-Cycle II
	CFDA Number:	93.511
	CFDA Description:	Affordable Care Act (ACA) Grants to States for Health Insurance Premium Review
	Federal Agency Name:	Ofc of Consumer Information and Insurance Oversight
	Category of Funding Activity:	Health
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	PR-PRP-11-001
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Feb 24, 2011
	Creation Date:	Feb 24, 2011
	Original Closing Date for Applications:	Aug 15, 2013 Phase I: Application Due Date:August 15, 2011 Phase II: Application Due Dates:August 15, 2012; August 15, 2013
	Current Closing Date for Applications:	Aug 15, 2013 Phase I: Application Due Date:August 15, 2011 Phase II: Application Due Dates:August 15, 2012; August 15, 2013
	Archive Date:	Sep 14, 2013
	Expected Number of Awards:	56
	Estimated Total Program Funding:	Information not provided
	Federal Grant Award Ceiling:	3,000,000
	Federal Grant Award Floor:	Information not provided
	Cost Sharing or Matching Requirement:	No

Applicants Eligible for this Grant: State governments
Additional Information on Eligibility: Information not provided
Grant Description: Section 1003 of the Affordable Care Act adds a new section 2794 to the Public Health Service (PHS) Act entitled, ?Ensuring That Consumers Get Value for Their Dollars?. Specifically, Section 2794 requires the Secretary of Health and Human Services (HHS), in conjunction with the States, to establish a process for the annual review of health insurance premiums to protect consumers from unreasonable rate increases. The statute specifies that the process established by the Secretary ?shall require health insurance issuers to submit to the Secretary and the relevant State a justification for unreasonable premium increases prior to the implementation of the increase,? and that ?such issuers shall prominently post such information on their Internet websites.? The Secretary shall ensure public disclosure of information on such increases and justifications for all health insurance issuers.? In addition, Section 2794 directs the Secretary to carry out a program to award grants to States to help them develop, or improve and enhance their current health insurance rate review and reporting processes. Congress has appropriated $250 million for this grant program for the federal fiscal years (FFYs) 2010-2014.
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Similar Government Grants: • Opportunity PR-IPR-11-001; • Opportunity RFA-FD-10-999