Capped rental definition

Capped rental means monthly payments for the use of the Durable Medical Equipment (DME) for a limited period of time not to exceed 13 months. Items are considered purchased after 13 months of continuous rental.
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Capped rental means monthly payments for the use of the Durable Medical Equipment (DME)medical supplies, equipment, and appliances for a limited period of time not to exceed 13thirteen (13) months. Items are considered purchased and owned by the Oklahoma Health Care Authority (OHCA) after 13thirteen (13) months of continuous rental.
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Capped rental means the rental of durable medical equipment, prosthetics, or orthotics for no more than 10 [12] months;
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Examples of Capped rental in a sentence

  • I have been given the opportunity to and did examine the Medicare Capped rental and inexpensive or routinely purchased items notification and was given an opportunity to ask questions to assist my understanding of it.

  • Capped rental items furnished to beneficiaries prior to January 1, 2006 will continue to be paid under the payment rules in effect prior to the DRA changes.

  • Capped rental claims for DME must be billed with a LL modifier on the claim.*If an interruption of 60 consecutive days or more occurs during the capped rental period, and the equipment is returned to the vendor, a new 12-month rental period will begin if the member needs the equipment again.Six months after a capped rental has converted to purchase, maintenance and service may begin when appropriate for a DME item.

  • Capped rental claims for DME must be billed with an LL modifier on the claim.*If an interruption of 60 consecutive days or more occurs during the capped rental period, and the equipment is returned to the vendor, a new 12-month rental period will begin if the member needs the equipment again.Six months after a capped rental has converted to purchase, maintenance and service may begin when appropriate for a DME item.

  • The items are categorized into one of the following payment classes: • Prosthetic and orthotic devices; • Inexpensive or other routinely purchased DME; • Items requiring frequent and substantial servicing; • Certain customized items; • Capped rental items; or • Oxygen and oxygen equipment.

  • Medicare's Policies for Capped Rental DME Capped rental items include hospital beds, wheelchairs, support surfaces and other pieces of DME.

  • For Capped rental items Medicare will pay a monthly rental fee for a period not to exceed 13 months, after which ownership of the equipment is transferred to the Medicare beneficiary.

  • Capped rental items, other than electric wheelchairs, may initially only be rented; however, the rental payments can be applied to the purchase of the item if the beneficiary selects the purchase option after the tenth rental month.The fee schedules for DME are calculated using average reasonable charges from 1986 and 1987 and are generally adjusted annually by the change in the Consumer Price Index for all Urban Consumers (CPI–U) for the 12- month period ending June 30, of the preceding year.

  • I have been given the opportunity to and did examine the Medicare Capped rental and inexpensive or routinely purchased items notification and was given an opportunity to ask questionstoassistmy understanding of it.

  • There are six payment categories: C Inexpensive or other routinely purchased equipment;C Items requiring frequent and substantial servicing;C Customized items;C Other prosthetic and orthotic devices;C Oxygen and oxygen equipment; andC Capped rental items.


More Definitions of Capped rental

Capped rental means monthly payments for the use of the Durable Medical Equipment (DME)medical supplies, equipment, and appliances for a limited period of time not to exceed 13thirteen
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Related to Capped rental

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.