Common use of Carry-Forward and Use of Excess Funds Clause in Contracts

Carry-Forward and Use of Excess Funds. At the end of a 12-month coverage term, there may be funds remaining in a enrollee’s POWER Account. Some or all of the funds remaining in an enrollee’s POWER Account may be carried forward to the next coverage term to reduce the enrollee’s required POWER Account contribution in that coverage term. The amount of leftover funds available to be carried forward will depend on several factors outlined below.

Appears in 4 contracts

Samples: www.medicaid.gov, www.medicaid.gov, www.in.gov

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Carry-Forward and Use of Excess Funds. At the end of a 12-month coverage term, there may be funds remaining in a an enrollee’s POWER Account. Some or all of the funds remaining in an enrollee’s POWER Account may be carried forward to the next coverage term to reduce the enrollee’s required POWER Account contribution in that coverage term. The amount of leftover funds available to be carried forward will depend on several factors outlined below.

Appears in 1 contract

Samples: www.in.gov

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