Department of Medical Assistance Services (602)
| Request Title | Adjust Medicaid forecast to account for revised Medicare premiums |
| Biennium | 2022-2024 |
| Budget Round | Initial 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 effective January 1, 2022. The forecast assumed 5 percent for Part A, 6.73 percent for Part B, and 4.86 percent for Part D; however the actual rates are 5.9 percent, 14.5 percent, and 7.31 percent respectively.CHAR(13) + CHAR(10) |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $22,943,316 | $23,928,382 | |
| Nongeneral Fund Dollars | $12,972,058 | $13,467,403 | |
| 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 2022 | FY 2023 |
| 456 | Medicaid Program Services | $35,915,374 | $37,395,785 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $22,943,316 | $23,928,382 | |
| 10000 | Federal Trust | $12,972,058 | $13,467,403 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 15:17:34
