West Virginia Affordable Insurance Exchange Grants Awards List
West Virginia has received two grant awards to build its Affordable Insurance Exchange. This includes a Planning Grant and a Level One Establishment Grant.
Summaries of West Virginia’s applications for each grant are provided below:
Establishment Grant Level One Application Summary
Administrator: West Virginia Offices of the Insurance Commissioner
Award Amount: $9,667,694
Award Date: August 12, 2011
Application Due Date: June 30, 2011
Level of Funding: Level One
Summary: West Virginia will provide for several consumer quality and effectiveness related studies to ensure an efficient and value driven market transition into the Exchange, including further funding for actuarial services and economic modeling as envisioned under the Planning Exchange Grant. West Virginia will also use funding to: create tools for successful risk adjustment; undertake an Exchange issuer initiative and complete a producer and navigator strategic plan; allow for continued policy integration with constituent state agencies; and, develop a business and operational plan that will ensure financial sustainability by January 2015..
State Planning Grant
Awarded September 30, 2010
Administrator: West Virginia Offices of the Insurance Commissioner
Amount Awarded: $1,000,000
- Assess State’s health insurance consumer and business markets using previous demographic surveys.
- Develop an economic assessment of West Virginia health insurance market and determine who will participate in Exchange.
- Develop education and outreach strategy for Exchange project, which will result in education and outreach plan. The plan will help promote the Exchange by providing easily accessible information.
- Assess efficiency and effectiveness of technical capacity of current West Virginia systems to perform technical tasks for the Exchange.