Mission: To promote responsible and equitable fiscal policies through research and education Joy...
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Transcript of Mission: To promote responsible and equitable fiscal policies through research and education Joy...
Mission:
To promote responsible and equitable fiscal policies through research and education
Joy Smolnisky, Director 808 N. West Ave., Sioux Falls, SD 605-367-9667 [email protected]://sdbpp.org
Funded through a grant from theNorthwest Area Foundation
Medicaid Expansion – a South Dakota Decision
Federal Affordable Care Act includes:
regardless of SD decision on Medicaid expansion
1. Coverage guarantees
2. Insurance exchanges
3. Federal tax credits to
pay for insurance
4. Individual mandate
5. Funding provisions
2012 Federal Poverty Level (FPL) by household size
Household Size Annual Income100% FPL
Expanded Medicaid138% FPL*
1 $11,170 $15,415
2 $15,130 $20,879
3 $19,090 $26,344
4 $23,050 $31,809
For each additionalperson, add $3,960 $5,464
*138% minus 5% income disregard = 133% FPL
2014 FEDERAL TAX CREDITS TO MAKE PREMIUM COSTS AFFORDABLE
92,800 South Dakotans eligible
Premiums: The table below compares premiums* for subsidized families by income
Family Income PremiumsIncome Annual Salary Premiums Annual premiums
(as % FPL) (for family of 3) (as % of income) (for a family of 3)100% $19,090 2% $381.80133% $25,390 3% $761.69150% $28,635 4% $1,145.40200% $38,180 6.30% $2,405.34250% $47,725 8.05% $3,841.86300% $57,270 9.50% $5,440.65350% $66,815 9.50% $6,347.43400% $76,360 9.50% $7,254.20
* based on 2012 Federal Poverty Levels Data source: http://www.kff.org/healthreform/upload/7962-02.pdf
FEDERAL TAX CREDITS – Cost Sharing
1/3 of out-of-pocket cap
1/2 of out-of-pocket cap2/3 of out-of-pocket cap
Children Pregnant Women
Parents Childless Adults
200%
133%
52%
0%
Current Medicaid eligibility limits for non-elderlySouth Dakotans*
*Based on income as a percentage of the Federal Poverty Level by household size
Children Pregnant Women
Parents Childless Adults
200% 133% 52% 0%
100% FPL
400% FPL
2014 federal insurance exchange subsidies (sliding scale)
Children Pregnant Women
Parents Childless Adults
200% 133% 52%
2014 federal insurance exchange subsidies (sliding scale)
South Dakotanswithout accessto affordablehealth insurance
100% FPL
400% FPL
SCENARIO #2 (without Medicaid expansion)
Susan Frank Mary Willis
Susan and Mary are both single parents. Susan’s daughter Sarah and Mary’sson Zeke are first grade classmates. These moms both work full time.
Susan’s earnings Mary’s earnings$7.50/hour – 38 hrs/week $7.75/hour – 38 hrs/week98% FPL (Federal Poverty Level) 102% FPL (Federal Poverty Level)
Can these moms get affordable health insurance?
NO YESSusan’s income is TOO LOW to Mary’s HIGHER income isqualify for federal subsidies eligible for federal subsidies.(below 100% FPL) and too high Her insurance premium costto qualify for SD Medicaid will be less than $310 a year.
SCENARIO #3 (without Medicaid expansion)
Bob & Cathy Nick & Deb Olsen Hansen
The Olson Hansen families each have two children, ages 6 months and 3 years old. Each dad works full time while mom is home taking care of the children.
Olson family earnings Hansen family earnings$10.90/hour $11.15/hour(98% FPL) (101% FPL)
Can these parents get affordable health insurance?
NO YESBob’s income is TOO LOW to Nick’s HIGHER income makes bothqualify the parents for federal subsidies parents eligible for federal subsidies(below 100% FPL) and too high Their insurance premium costto qualify the parents for SD Medicaid. will be less than $500 a year.
exchange subsidies
Children Pregnant Women
Parents Childless Adults
200%
133%
52%
0%
Medicaid expansion would cover additional low-income non-el-
derly South Dakotans
138% FPL
100% FPL
Medicaid Expansion cost sharingbetween federal and SD state government
In Millions
Cost in Millions6 months of
SFY14 SFY15 SFY16 SFY17 SFY18 SFY19 SFY20 Total thru SFY2020
Federal Share $58.3 $273.4 $321.9 $333.1 $342.4 $359.3 $373. $2,061.1
South Dakota State Share $1.50 $1.90 $2.1 $10.6 $22.1 $27.2 $36.9 $102.1
Cost of increased state spending spread across SD population (in dollars per period)
Total thru SFY2020
in dollars6 months of SFY14 SFY15 SFY16 SFY17 SFY18 SFY19 SFY20
Total thru SFY2020
SD per person increase (2012 SD census 833,354) $1.80 $2.28 $2.52 $12.72 $26.52 $32.64 $44.28 $122.52 SD per household increase (318,466 households) $4.71 $5.97 $6.59 $33.28 $69.40 $85.41 $115.87 $320.60
6 months of SFY14 SFY15 SFY16 SFY17 SFY18 SFY19 SFY20
$1.80 $2.28 $2.52 $12.72
$26.52 $32.64
$44.28
SD per person annual cost of Med-icaid expansion
(2012 SD census 833,354)
November 2012 Kaiser Commission Estimates (million)
1 yr cost 1 yr cost 10 yr cost 2016 2022 2013-2022
SD: $ $1 $ 36 $157 % 0.3% 5% 2.9%
Fed: $ $214 $307 $2,110 % 25.9% 25% 22.8%
*Table 6,7, & 8 Kaiser Commission on Medicaid and the uninsured. “Cost and Coverage implication of the ACA Medicaid Expansion National and State-by-state Analysis” November 2012