National Vaccine Injury Compensation Program: Revised Amount of the Average Cost of a Health Insurance Policy, 16004 [2024-04734]
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Dated: February 29, 2024.
Lauren K. Roth,
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[FR Doc. 2024–04718 Filed 3–5–24; 8:45 am]
BILLING CODE 4164–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Health Resources and Services
Administration
National Vaccine Injury Compensation
Program: Revised Amount of the
Average Cost of a Health Insurance
Policy
Health Resources and Services
Administration (HRSA), Department of
Health and Human Services.
ACTION: Notice.
AGENCY:
HRSA is publishing an
updated monetary amount of the
average cost of a health insurance policy
as it relates to the National Vaccine
Injury Compensation Program (VICP).
FOR FURTHER INFORMATION CONTACT: CDR
George Reed Grimes, Director, Division
of Injury Compensation Programs,
Health Systems Bureau, HRSA, by mail
at 5600 Fishers Lane, 8W25A, Rockville,
Maryland 20857; or call (301) 443–9350.
SUPPLEMENTARY INFORMATION: Section
100.2 of the VICP’s implementing
regulation (42 CFR part 100) states that
the revised amount of an average cost of
a health insurance policy, as determined
by the Secretary of Health and Human
Services (the Secretary), is effective
upon its delivery by the Secretary to the
United States Court of Federal Claims
(the Court) and will be published
periodically in a notice in the Federal
Register. This responsibility has been
delegated to the Director, Division of
Injury Compensation Programs. This
figure is calculated using the most
recent Medical Expenditure Panel
Survey—Insurance Component data
available as the baseline for the average
monthly cost of a health insurance
policy. This baseline is adjusted by the
annual percentage increase/decrease
obtained from the most recent annual
Kaiser Family Foundation Employer
Health Benefits Survey.
In 2023, the Medical Expenditure
Panel Survey—Insurance Component,
available at www.meps.ahrq.gov,
published the annual 2022 average total
single premium per enrolled employee
at private-sector establishments that
SUMMARY:
PO 00000
Frm 00036
Fmt 4703
Sfmt 4703
provide health insurance. The figure
published was $7,590. This figure is
divided by 12 to determine the cost per
month of $632.50. The $632.50 figure is
increased or decreased by the
percentage change reported by the most
recent Kaiser Family Foundation
Employer Health Benefits Survey,
available at www.kff.org. The increase
from 2022 to 2023 was 7 percent. By
adding this percentage increase, the
calculated average monthly cost of a
health insurance policy for a 12-month
period is $676.78.
Therefore, the Secretary announces
that the revised average cost of a health
insurance policy under the VICP is
$676.78 per month. In accordance with
section 100.2, the revised amount was
effective upon its delivery by the
Secretary to the Court. Such notice was
delivered to the Court on February 23,
2024.
Suma Nair,
Associate Administrator, Health System
Bureau.
[FR Doc. 2024–04734 Filed 3–5–24; 8:45 am]
BILLING CODE 4165–15–P
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[Federal Register Volume 89, Number 45 (Wednesday, March 6, 2024)]
[Notices]
[Page 16004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04734]
-----------------------------------------------------------------------
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Health Resources and Services Administration
National Vaccine Injury Compensation Program: Revised Amount of
the Average Cost of a Health Insurance Policy
AGENCY: Health Resources and Services Administration (HRSA), Department
of Health and Human Services.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HRSA is publishing an updated monetary amount of the average
cost of a health insurance policy as it relates to the National Vaccine
Injury Compensation Program (VICP).
FOR FURTHER INFORMATION CONTACT: CDR George Reed Grimes, Director,
Division of Injury Compensation Programs, Health Systems Bureau, HRSA,
by mail at 5600 Fishers Lane, 8W25A, Rockville, Maryland 20857; or call
(301) 443-9350.
SUPPLEMENTARY INFORMATION: Section 100.2 of the VICP's implementing
regulation (42 CFR part 100) states that the revised amount of an
average cost of a health insurance policy, as determined by the
Secretary of Health and Human Services (the Secretary), is effective
upon its delivery by the Secretary to the United States Court of
Federal Claims (the Court) and will be published periodically in a
notice in the Federal Register. This responsibility has been delegated
to the Director, Division of Injury Compensation Programs. This figure
is calculated using the most recent Medical Expenditure Panel Survey--
Insurance Component data available as the baseline for the average
monthly cost of a health insurance policy. This baseline is adjusted by
the annual percentage increase/decrease obtained from the most recent
annual Kaiser Family Foundation Employer Health Benefits Survey.
In 2023, the Medical Expenditure Panel Survey--Insurance Component,
available at www.meps.ahrq.gov, published the annual 2022 average total
single premium per enrolled employee at private-sector establishments
that provide health insurance. The figure published was $7,590. This
figure is divided by 12 to determine the cost per month of $632.50. The
$632.50 figure is increased or decreased by the percentage change
reported by the most recent Kaiser Family Foundation Employer Health
Benefits Survey, available at www.kff.org. The increase from 2022 to
2023 was 7 percent. By adding this percentage increase, the calculated
average monthly cost of a health insurance policy for a 12-month period
is $676.78.
Therefore, the Secretary announces that the revised average cost of
a health insurance policy under the VICP is $676.78 per month. In
accordance with section 100.2, the revised amount was effective upon
its delivery by the Secretary to the Court. Such notice was delivered
to the Court on February 23, 2024.
Suma Nair,
Associate Administrator, Health System Bureau.
[FR Doc. 2024-04734 Filed 3-5-24; 8:45 am]
BILLING CODE 4165-15-P
