Benefit Enhancement definition

Benefit Enhancement means the crediting of deemed additional years of age or service, the use of a different definition of any factor used to calculate benefits, different eligibility provisions, or any other provision that enhances the benefit that would otherwise be payable under the Retirement Plan as provided in a Benefit Agreement.
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Benefit Enhancement means any change to the current benefit policy for retired, active, vested, and non-vested members of the System which increases the actuarially determined contribution rate, increases the amortization period, or decreases the funded ratio of the System. Examples include but are not limited to benefit formula multiplier increases, reductions in eligibility for benefits, cost of living adjustments, or lump-sum additional benefit payments to retired members or beneficiaries.
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Benefit Enhancement means any change to the current benefit policy for a retired, active, or inactive member of the Arkansas Teacher Retirement System or T-DROP participant that increases the amortization period by one (1) year or more.
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Examples of Benefit Enhancement in a sentence

  • The individual performing services under this Benefit Enhancement must be “auxiliary personnel” as defined at 42 CFR § 410.26(a)(1).

  • If CMS rejects the ACO’s selection of a Benefit Enhancement or Beneficiary Engagement Incentive, the ACO shall not implement the Benefit Enhancement or Beneficiary Engagement Incentive for the following Performance Year.

  • Appendix M shall apply to the Agreement for any Performance Year for which the ACO has selected the Care Management Home Visits Benefit Enhancement as described in Section 8.01 and for which the ACO has submitted an Implementation Plan under Section 10.01.B for the Care Management Home Visits Benefit Enhancement and CMS has not rejected the ACO’s selection pursuant to Section 8.02 or Section 10.01.E.

  • Appendices I, J, L through Q, and T shall apply to the Agreement for a given Performance Year only if the ACO selected to provide the relevant Benefit Enhancement or Beneficiary Engagement Incentive for that Performance Year as described in Section 8.01 and that selection was not rejected by CMS pursuant to Sections 8.02 or 10.01.E.

  • If the ACO selects to provide a Benefit Enhancement for a Performance Year, the ACO’s Participant Providers and Preferred Providers, as indicated on the relevant Participant Provider List and Preferred Provider List under Article IV, may submit claims for services furnished pursuant to such Benefit Enhancement as described in this Article X during the Performance Year for which the ACO selected to provide the Benefit Enhancement.

  • Appendix O shall apply to the Agreement for any Performance Year for which the ACO has selected the Concurrent Care for Beneficiaries that Elect Medicare Hospice Benefit Enhancement as described in Section 8.01 and for which the ACO has submitted an Implementation Plan under Section 10.01.B for the Concurrent Care for Beneficiaries that Elect Medicare Hospice Benefit Enhancement and CMS has not rejected the ACO’s selection under Section 8.02 or Section 10.01.E.

  • If CMS determines that the ACO’s proposed implementation of a Benefit Enhancement or Beneficiary Engagement Incentive is inconsistent with the terms of the Agreement or likely to result in program integrity concerns, CMS may reject the ACO’s selection to provide the Benefit Enhancement or Beneficiary Engagement Incentive or may require the ACO to submit a new Implementation Plan.

  • In the case of a Benefit Enhancement, such notification shall state that following a date that is 90 Days after the effective date of termination, services furnished under the Benefit Enhancement will no longer be covered by Medicare and the Beneficiary may be responsible for the payment of such services.

  • Appendix N shall apply to the Agreement for any Performance Year for which the ACO has selected the Home Health Homebound Waiver Benefit Enhancement as described in Section 8.01 and for which the ACO has submitted an Implementation Plan under Section 10.01.B for the Home Health Homebound Waiver Benefit Enhancement and CMS has not rejected the ACO’s selection pursuant to Section 8.02 or Section 10.01.E.

  • For purposes of this exception, an item or service that could be covered pursuant to a Benefit Enhancement is considered a Medicare-covered item or service, regardless of whether the ACO has selected to participate in such Benefit Enhancement for the Performance Year as described in Section 8.01.

Related to Benefit Enhancement

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.