Regional Market Rate definition

Regional Market Rate means the current rate charged for various types of child care services as determined by a survey of providers. EC 8357

Regional Market Rate means care costing no more than 1.5 market

Regional Market Rate means the costs of child care in each county differentiated by age of child and type of care as established in the Regional Market Rate Ceilings for California Child Care Providers.

Examples of Regional Market Rate in a sentence

• The State Department of Education shall contract to conduct and complete a Regional Market Rate Survey no more frequently than once every two years, consistent with federal regulations, with a goal of completion by March 1.

• When transportation is included as part of their child care rate, transportation is fully covered by the CalWORKs childcare payment and subject to the Regional Market Rate (RMR).

• The State Department of Education shall contract to conduct and complete a Regional Market Rate Survey no more frequently than once every two years, consistent with federal regulations, with a goal of completion by March 1.(e) By March 1 of each year, the Department of Finance shall provide to the State Department of Education the State Median Income amount for a four-person household in California based on the best available data.

• Beginning January 1, 2022, increases all direct-contract childcare and preschool program rates, including for the school-based California State Preschool Program, to the 75th percentile of their county 2018 Regional Market Rate or the new Standard Reimbursement Rate as of December 31, 2021, whichever is highest.

• The state will only pay up to the Regional Market Rate (RMR), which is a different amount in each county.

• Families may incur a co-payment and/or a Family Fee.● A co-payment is that portion of a child care provider’s rate that exceeds the applicable Regional Market Rate ceiling and is paid by the parent directly to the provider.● A Family Fee is calculated by the agency and is the portion of the child care cost paid by the parent based on their income, family size and certified need for child care.

• Payments for child care may not exceed the Regional Market Rate Ceilings for subsidized child care (http://www3.cde.ca.gov/rcscc/index.aspx).

• If a parent chooses a provider that charges more than the Regional Market Rate Ceiling, the parent is responsible to pay the difference to the provider (co- payment).

• Selection of the Regional Market Rate ceiling will be discussed with parents based on their certified need for child care services and the type of provider selected.

• Payments for child care may not exceed the Regional Market Rate Ceilings for subsidized child care (http://www3.cde.ca.gov/rcscc/).