HHSGrantHealthcareOctober 1, 2024

MEDICAID ENTITLEMENT FOR 40 - FY 2026 - T19

$8,169,035,045

AI Summary

This $8.2 billion grant provides federal Medicaid funding to New Mexico for fiscal year 2026. New Mexico has one of the highest federal Medicaid matching rates in the country, reflecting the state's lower per-capita income and higher rates of poverty.

Key Points

  1. 01Federal Medicaid funding for New Mexico at $8.2 billion
  2. 02Covers FY 2026 (October 2024 through September 2025)
  3. 03Administered by New Mexico Department of Human Services
  4. 04New Mexico receives a higher federal matching rate
  5. 05Large share of state population relies on Medicaid for healthcare

Award Details

Start Date

Oct 1, 2024

End Date

Sep 30, 2025

Category

Healthcare

State

NM

Award Type

Grant

Quick Summary

Amount
$8.2B
Agency
Department of Health and Human Services
Recipient
DEPARTMENT OF HUMAN SERVICES NEW MEXICO
Type
Grant

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