These states are running out of CHIP funding
Sixteen states will run out of federal funding for CHIP -- the Children's Health Insurance Program -- by the end of January, according to the Kaiser Family Foundation.
CHIP provides health insurance coverage for just shy of nine million children whose families have too much income to qualify for Medicaid but not enough to afford the cost of insurance. It is increasingly used by families whose employer-provided insurance is too expensive. CHIP is provided for free or the program's premiums are pegged to an amount based on a family's annual income.CHIP has come into the news lately because Congress has not yet reauthorized its funding mechanism and, as a resu...
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