Common use of Forfeited Participant Contributions Clause in Contracts

Forfeited Participant Contributions. In the event that a participant’s eligibility for HIP is terminated for non-payment of POWER Account contributions, resulting in forfeiture of 25 percent of the remainder of the participant’s share of their POWER Account balance (see paragraph 47(b)(v)), the State must recover the forfeited funds from the HIP MCO and must report the recovery as a collection on Form CMS-64, Line 9D. The State must also provide a supplementary report on the Narrative section of Form CMS-64, stating the amount reported on Line 9D attributable to the recovered participant POWER Account balances, along with a disaggregation of the amount reported by eligibility group, as specified in subparagraph (e).

Forfeited Participant Contributions. In the event that a participant’s eligibility for HIP is terminated for non-payment of POWER Account contributions, resulting in forfeiture of 25 percent of the remainder of the participant’s share of their POWER Account balance (see paragraph 47(b)(v46(b)(v)), the State state must recover the forfeited funds from the HIP MCO and must report the recovery as a collection on Form CMS-64, Line 9D. The State state must also provide a supplementary report on the Narrative section of Form CMS-64, stating the amount reported on Line 9D attributable to the recovered participant POWER Account balances, along with a disaggregation of the amount reported by eligibility group, as specified in subparagraph (ed).

Forfeited Participant Contributions. In the event that a participant’s eligibility for HIP is terminated for non-payment of POWER Account contributions, resulting in forfeiture of 25 percent of the remainder of the participant’s share of their POWER Account balance (see paragraph 47(b)(v42(b)(v)), the State state must recover the forfeited funds from the HIP MCO and must report the recovery as a collection on Form CMS-64, Line 9D. The State state must also provide a supplementary report on the Narrative section of Form CMS-64, stating the amount reported on Line 9D attributable to the recovered participant POWER Account balances, along with a disaggregation of the amount reported by eligibility group, as specified in subparagraph (ed).