Financial management services definition

Financial management services means services provided to an individual who directs some or all of his or her waiver services. When used in conjunction with employer authority, financial management services includes, but is not limited to, operating a payroll service for individual-employed staff and making required payroll withholdings.
Financial management services means services or
Financial management services means services or functions that assist the participant to manage and direct the distribution of funds contained in the individual budget, and ensure that the participant has the financial resources to implement his or her IPP throughout the year. These may include bill paying services and activities that facilitate the employment of service and support workers by the participant, including, but not limited to, fiscal accounting, tax withholding, compliance with relevant state and federal employment laws, assisting the participant in verifying provider qualifications, including criminal background checks, and expenditure reports. The financial management services provider shall meet the requirements of Sections 58884, 58886, and 58887 of Title 17 of the California Code of Regulations and other specific qualifications established by the department. The costs of financial management services shall be paid by the participant out of his or her individual budget, except for the cost of obtaining the criminal background check specified in subdivision (w).

Examples of Financial management services in a sentence

  • Financial management services (FMS) may be furnished as a waiver service or as an administrative activity.

  • Financial management services Fee schedule Effective 7/1/13, provider’s rate in effect 6/30/13 plus 3%.

  • Financial management services provide assistance to members with managing funds associated with the services elected for self-direction.

  • Financial management services include initial orientation and ongoing training related to responsibilities of being an employer, and adhering to legal requirements for employers.

  • Financial management services Fee schedule $65.65 per enrolled consumer per month.


More Definitions of Financial management services

Financial management services means services provided to an individual who directs some or all of his or her waiver services. When used in conjunction with budget authority, financial management services includes, but is not limited to, paying invoices for waiver goods and services and tracking expenditures against the individual's budget. When used in conjunction with employer authority, financial management services includes, but is not limited to, operating a payroll service for individual-employed staff and making required payroll withholdings. Financial management services also includes acting as
Financial management services. (FMS) means an entity contracted with the OhioRISE plan to perform necessary financial transactions on behalf of individuals enrolled in the OhioRISE program
Financial management services means services provided to an individual who directs some or all of his or her waiver services. When used in conjunction with budget authority, financial management services includes, but is not limited to, paying invoices for waiver goods and services and tracking expenditures against the individual's budget. When used in conjunction with employer authority, financial management services includes, but is not limited to, operating a payroll service for individual-employed staff and making required payroll withholdings. Financial management services also includes acting as the employer of staff on behalf of an individual under the co-employer model of employer authority.
Financial management services means services provided to an individual who directs some or all of the individual's waiver services. When used in conjunction with budget authority, financial management services includes, but is not limited to, paying invoices for waiver goods and services and tracking expenditures against the individual's budget for participant-directed services. When used in conjunction with employer authority, financial management services includes, but is not limited to, operating a payroll service for
Financial management services means services provided to an individual who directs some or all of the individual's waiver services. When used in conjunction with budget authority, financial management services includes, but is not limited to, paying invoices for waiver goods and services
Financial management services means the services specified as such in the Requirements Document.
Financial management services means temporary or ongoing assistance to an individual with receipt, disbursement and record keeping of monthly federal government benefit funds in order that the individual retains as high a level as possible of independent decision making.