CMS announces funding to update state-based marketplaces

State-based health insurance marketplaces can apply through July 20 at 3 p.m. ET for a portion of $20 million in American Rescue Plan Act funding to update their systems, programs or technology to comply with federal marketplace requirements, including increased premium tax credits and cost-sharing reductions available through ARPA, the Centers for Medicare & Medicaid Services announced yesterday. CMS expects to award up to 21 grants to eligible state-based marketplaces, including those that use the federally facilitated marketplace for enrollment.