HCBS aid raises from 7.35% to 10% for the
With the new $1.9T stimulus bill now passed into action,
it’s important to understand how that financial aid will be allocated to the
Allied healthcare community.
A notable update to the new bill involves the Federal Medicaid Assistance Percentage (FMAP) boost to home-and-community-based-services (HCBS). Originally carrying a 7.35% hike in funding, the stimulus bill has now increased that boost to 10%, to be dispersed from April of 2021 through March of 2022.
So, what will this affect health care providers? An
from Home Healthcare News (2021) highlights how the increased boost
will help take the place of COVID-19 relief funds that have been largely
exhausted over the last year. Since last spring, the CARES Act has help provide
over $175B to health care providers across the country. The increase will also
add much-needed support to health care recruitment—a particular area of
difficulty during the pandemic as candidate demand has risen.
Do you think the FMAP funding boost could benefit your
facility in 2021-2022? Reach out to us to discuss the potential of expanding
into home-and-community-based-services or call 800-236-8038 to connect with our allied team.