Annual Reassignment definition

Annual Reassignment. As described in 40.1.5 of Chapter 5 of the Medicare Prescription Drug Benefit Manual, CMS has the discretion to re-assign LIS beneficiaries enrolled in Medicare Prescription Drug Plans that will have a premium above the low-income premium subsidy amount (i.e., benchmark) in the following year, unless the plan volunteers to waive the de minimis amount of the premium above the benchmark. CMS will conduct the reassignment in the fall of each year, and ensure all affected LIS beneficiaries are notified.
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Examples of Annual Reassignment in a sentence

  • Passive enrollment activity will be coordinated with CMS activities such as Annual Reassignment and daily auto-assignment for individuals with the Part D Low Income Subsidy.

  • Annual Reassignment Date Five (5) Business Days prior to November 1 of each year when the Company reassigns Capacity to Suppliers pursuant to Section 13.6 of these Terms and Conditions.

  • Such previously assigned ▇▇▇▇▇▇▇▇ shall be replaced by the assignment to the Supplier of the pro-rata shares of the same or similarly situated Capacity on behalf of the Customers enrolled in the Supplier’s Aggregation Pools (as of the first day of the Month following the Annual Reassignment Date).

  • Passive Enrollment activity will be coordinated with CMS activities such as Annual Reassignment and daily auto- and facilitated enrollment for individuals with the Medicare Part D LIS.

  • Passive enrollment activity will be coordinated with CMS activities such as Annual Reassignment and daily auto and facilitated enrollment for individuals with the Medicare Part D Low Income Subsidy (LIS).