Cooperative Agreement SEMIE210019

The New Jersey Department of Banking and Insurance received a $1,107,392.87 cooperative agreement award from the Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) on September 10, 2021 to support modernization efforts under the State Planning and Establishment Grants for the Affordable Care Act's (ACA) Exchanges program (CFDA 93.525). The purpose of this funding is to update any system, program, or technology that is necessary for implementation of provisions in the American Rescue Plan Act of 2021 (ARPA) related to changes in premium assistance amounts available to certain consumers. As the awardee, the New Jersey Department of Banking and Insurance will deliver services to modernize technology and make necessary program updates to comply with ARPA by the project completion date of September 9, 2022.