Exploring "individual health accounts" approach to financing care

The Foundation's program, State Coverage Initiatives, was designed to help states plan and develop insurance market reforms, Medicaid reforms, and other significant health care financing and delivery changesThis grant provides support to explore establishing health funds for individuals and families, similar to individual retirement accounts, into which both employers and employees would make tax-deferred contributions. Called the Individual and Family Health Account, these accounts will be used to cover a basic benefit package with options to cover additional health-related expenditures. A portion of the interest revenue on these accounts will be deposited into a state-controlled fund which will be used to expand access for the uninsured. Under phase one, the grantee will explore legal issues, design a basic benefit package, and address consumer education.

Grant Details

Amount Awarded $854,595.00

Awarded on: 7/28/1992

Time frame: 9/1/1992 - 11/30/1995

Grant Number: 20678

Grantee

State of Oklahoma, Office of the Governor

State Capitol Building
Oklahoma City, OK, 73105-4887

Karen Collier
Project Director

405-530-3402