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Decision Package
Department of Medical Assistance Services (602)
Request Title Adjust Medicaid forecast to account for revised Medicare premiums
Biennium 2020-2022
Budget Round Caboose Bill
Category Mandates
Region None
Description

Accounts for Medicare premium rates that were published after the official Medicaid forecast was completed. During the development of the Medicaid forecast, due November 1, the Department of Medical Assistance Services had to use preliminary assumptions on Medicare premium rates. Since the forecast was finalized, the federal government has released actual Medicare Part A, B and D rates for effective January 1, 2022. The forecast assumed 5% as assumed for Part A, 6.73%for Part B, and 4.86% for Part D; however the actual rates are 5.9%, 14.5%, and 7.31% respectively.

Funding Summary
Object Type FY 2020 FY 2021  
General Fund Dollars $0 $11,848,650  
Nongeneral Fund Dollars $0 $8,576,267  
General Fund Positions 0.00 0.00  
Nongeneral Positions 0.00 0.00  
General Fund Transfers $0 $0  
General Fund Revenue $0 $0  
Layoffs $0 $0  
Additions to Balance $0 $0  
Funding Details
By Program Program Code Program Title FY 2020 FY 2021
  456 Medicaid Program Services $0 $20,424,917
By Fund Fund Code Fund Title FY 2020 FY 2021
  01000 General Fund $0 $11,848,650
  10000 Federal Trust $0 $8,576,267
Authorized Position Details
By Program Program Code Program Title FY 2020 FY 2021


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 21:18:43