When did payments for the Balancing Incentive Program end?

As part of the normal business processes through the CMS Financial Management Group (FMG), States submit estimates on spending in advance of each quarter and then submit actual expenditures using the CMS 64 form each quarter. Through the grant award process, the estimates are reconciled to the actual expenditures two quarters later. For example, quarter four of the federal fiscal year (FFY) ending September 30, 2015 would not be reconciled until the end of quarter two, March 31, 2016, the following year.

States stopped claiming for enhanced FMAP after September 30, 2015. However, given CMS 64 form spending estimates are reconciled two quarters later, some States may receive some enhanced FMAP through claims reconciliation after September 30, 2015. Positive adjustments for “prior periods” (which will result in additional enhanced FMAP) will continue to be paid through September 30, 2017. Negative adjustments for “prior periods” (which will result in a take back of the enhanced FMAP) will continue indefinitely.