The 118th Congress Is in Session

Members of the U.S. House of Representatives and U.S. Senate have returned to Washington DC to begin the 118^th Congress.

Before Congress left for the holidays, it passed a Fiscal Year 2023 omnibus appropriations bill.

Key provisions in the omnibus bill include:

• The ABLE Age Adjustment Act, which allows individuals to qualify for ABLE accounts up to age 46.
• Extending the increased federal match (FMAP) for Puerto Rico through 2027.
• Extending the Money Follows the Person demonstration program through 2027.
• Unwinding the Medicaid continuous coverage requirement from the COVID-19 Public Health Emergency. The legislation will phase out the increased FMAP for states from 6.2% increase to 5% increase from April 1, 2023 through June 30, 2023, then to a 2.5% increase from July 1, 2023 through September 30, 2023, and then to a 1.5% increase from October 1, 2023 through December 31, 2023.

The details of the omnibus package can be viewed in the full text.