Premium subsidy definition

Premium subsidy or "subsidy" means payment to or reimbursement by the HIP on behalf of an eligible partner- ship participant toward the purchase of a designated health benefit plan.
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Premium subsidy. The amount of the County subsidy that is paid for employees and eligible family members is a set dollar amount and is not a percentage of the premium charged by the plan. The County will pay the following monthly premium subsidy: Health & Dental Plans Employee Employee +1 Dependent Employee +2 or More Dependents Contra Costa Health Plans (CCHP), Plan A $600.51 $1,430.76 $1,430.76 Contra Costa Health Plans (CCHP), Plan B $611.34 $1,452.65 $1,452.65 Xxxxxx Permanente Health Plans $614.78 $1,432.42 $1,432.42 Health Net HMO Plans $853.92 $2,094.74 $2,094.74 Health Net PPO Plans $753.81 $753.81 $1,790.70 Delta Dental PPO with CCHP A or B $41.60 $93.72 $93.72 Delta Dental PPO with Kaiser or Health Net $33.11 $74.59 $74.59 Delta Dental PPO without a Health Plan $42.44 $95.62 $95.62 DeltaCare HMO with CCHP A or B $28.48 $61.55 $61.55 DeltaCare HMO with Kaiser or Health Net $22.67 $48.99 $48.99 DeltaCare HMO without a Health Plan $29.05 $62.80 $62.80 B. If the County contracts with a health and/or dental plan provider not listed above, the amount of the premium subsidy that the County will pay to that health and/or dental plan provider for employees and their eligible family members shall not exceed the amount of the premium subsidy that the County would have paid to the former plan provider.
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Premium subsidy means the payment of part or all of premium or Subscription Charges for this Policy per federal law.
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Examples of Premium subsidy in a sentence

  • Premium subsidy refunded by ICs due to application of ACF shall be refunded to Central/State Govt.

  • Non-DiscriminationYour receipt of a federal Premium subsidy, taking any action to enforce your rights under applicable law, Health Status-Related Factors, race, color, national origin, present or predicted disability, sex, gender identity sexual orientation, expected length of life, degree of medical dependency or quality of life will not affect your eligibility or Premiums for this coverage.

  • The greater of the low-income benchmark premium amount (determined under paragraph (b)(2) of this section) for the PDP region in which the subsidy eligible individual resides or the lowest monthly beneficiary premium for a PDP that offers basic prescription drug coverage in the PDP region.* * * * *(e) Premium subsidy for late enrollment penalty.

  • Advance Premium Tax Credit means the advanced tax credit created by the ACA, which takes the form of a Premium subsidy for eligible individuals who purchase a QHP through the Exchange.

  • Premium subsidy is to be shared equally by DAC and concerned State Government / UT.

  • Premium subsidy reimbursement checks are issued monthly for participants who continue to meet the program participation requirements.

  • Premium subsidy refunded by ICs due to application of ACF shall be refunded to the Central/State Government in their subsidy sharing ratio through fund routing agencies.

  • Premium subsidy collection deserves special attention as it is often a relatively new feature for states and requires significant operational support .

  • High risk pool premiums usually range from 125 percent to 200 percent of this rate, although Florida’s law currently allows up to 250 percent.10 • Premium subsidy or discount programs: To improve affordability for individuals, some states have adopted premium discount programs to assist low-income participants.

  • Premium subsidy payments to the PDPs each month shall be made for all Active Members in accordance with the current month's COB Response File data and the terms of this Agreement.


More Definitions of Premium subsidy

Premium subsidy means the difference between the amount of periodic payment the Plan Administrator makes to the Plan on behalf of the low-income eligible individual plus the administrative cost to the Plan of providing the Plan to that low-income eligible individual, and the amount determined by the Board to be the low-income eligible individual’s premium responsibility.
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