Examples of Federal medical assistance percentage in a sentence
Retrieved from: Federal Medical Assistance Percentage (FMAP) for Medicaid and Multiplier | KFF.This review included data and documentation review, interviews with key informants from DHS and other Arkansas agencies, and a national scan of leading practices.
In addition, during the COVID-19 Public Health Emergency, Congress enacted legislation requiring Medicaid programs to keep people enrolled in Medicaid in return for a temporary 6.2 percentage point increase in the Federal Medical Assistance Percentage.
Federal Medical Assistance Percentage for Medicaid and Multiplier.
The change includes: • An increase of $409,258 for the decrease in the Federal Medical Assistance Percentage (FMAP).
The state must adhere to the requirement at section 2500.1 of the State Medicaid Manual that all state collections, including drug rebates, must be reported on the CMS-64 at the applicable Federal Medical Assistance Percentage (FMAP) or other matching rate at which related expenditures were originally claimed.
In addition, the Federal Medical Assistance Percentage will decrease from 72.0% to 71.14% beginning October 1, 2024, meaning that the federal matching contribution for medical services will decrease.6 Using total medical services expenditures from SFY 2023 as an approximation, this will account for about $55 million in increased non-federal share spending due to the decreased Federal Medical Assistance Percentage.