On Saturday, March 6, the $1.9 trillion COVID-relief stimulus package passed in the Senate. The next steps include a final deliberation by the House of Representatives before it is finally sent to President Biden for his signature. A few of the key aspects of the American Rescue Plan include:
In addition, one of the most noteworthy elements of the Senate passage was that the home- and community-based services Federal Medicaid Assistance Percentage payment boost was even higher than expected. Instead of a 7.35% hike to HCBS funding, the stimulus bill now includes a 10% increase. The 10% FMAP increase means an additional $12.67 billion for states' Medicaid funding for HCBS will start April 1 to May 31 of next year.