Form 990 (Schedule K) Oklahoma City Oklahoma 2024-2025

Form 990 (Schedule K) Oklahoma City Oklahoma: What You Should Know

Filing of Schedule K — IRS (Form 990) — IRS  Filing of Schedule K — IRS (Schedule K) Form 990 (1040) GRAY-COAT-TEN Filing of Schedule K — IRS (Schedule K). Schedules O, D, and F, section 4, line 20.  The Gray-Cotton-Ten (GC-T) Plan is a federally mandated health benefit program enacted by Congress in 1969. The GC-T Program, as amended in 1980, is administered by the Oklahoma Department of Health and Environment. The plan was created as a joint effort between the state, the federal government and a coalition of health care groups. It was intended to provide all citizens with health coverage, including childless families.  The program consists of a health care subsidy provided directly by the federal government to low-income families and a health care subsidy provided to hospitals and doctors, through state-run health insurance programs.  In 2016, over 40% of Oklahoma's population qualified for government health coverage. It is estimated that in 2016, more than 600,000 low-income Oklahoma residents received the GC-T subsidy. The plan provides a financial protection against large medical bills for residents. The plan allows families to purchase health insurance of their choice which may provide coverage with coverage for pre-existing conditions or provide coverage without the cost of premium tax credits.  The plan was originally called the “Federal-State Health Insurance Program” (SHIP) and the name was changed in 1989. The original plan provided subsidies to hospitals through the federal government to provide low-income families with free care.  The GC-T Program became the GC-T Plan in 1982. An amendment to the law in 1991 provided another means of paying hospital bills. According to Health & HumanServices, “the original waiver program was modified to expand access to health insurance coverage and to provide a financial protection against rising medical costs. The changes in policy and program structure resulted in the creation of the Oklahoma Health Plan, which is now administered by the Oklahoma Department of Health and Environment...” When the program became effective in 1983, residents of Oklahoma City were immediately eligible to participate. On October 1 of that year, Oklahoma City became the first city in the nation to create a federally-backed health care program. Since the program's inception, nearly 4 million people have joined.

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