Coverage Year definition
Examples of Coverage Year in a sentence
For Coverage Year 2021, the District agrees to pay up to 6% of the increased cost of healthcare (or up to $ $1,729.72 per month), which may be paid toward the medical, dental, and/or vision premiums, or may be contributed to a HRA at the discretion of the employee, irrespective of single, married, or family status.
For Coverage Year 2020, Employee will receive a maximum benefit up to $1,631.81 per month paid toward the medical, dental, and/or vision premiums, or may be contributed to a HRA at the discretion of the employee, irrespective of single, married, or family status.
Open Enrollment 2021 / Coverage Year 2022, the District agrees to cover up to 6% of increased cost of healthcare (or up to $1,833.50 per month), which may be paid toward the medical, dental, and/or vision premiums, or may be contributed to a HRA at the discretion of the employee, irrespective of single, married, or family status.
The Department shall prepare a Medical Loss Ratio Calculation which shall summarize Contractor’s Medical Loss Ratio for Enrollees under this Contract for each Coverage Year.
The Medical Loss Ratio Calculation shall be prepared using all data available from the Coverage Year, including IBNP and six (6) months of run-out for Benefit Expense (excluding sub-capitation paid during the run-out months).