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.
Premium subsidy means the payment of part or all of premium or Subscription Charges for this Policy per federal law.
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.

Examples of Premium subsidy in a sentence

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

  • 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.

  • 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.

  • 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 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.

  • Court to decide when question shall be asked and when witness compelled to answer.—If any such question relates to a matter not relevant to the suit or proceeding, except in so far as it affects the credit of the witness by injuring his character, the Court shall decide whether or not the witness shall be compelled to answer it, and may, if it thinks fit, warn the witness that he is not obliged to answer it.

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

  • 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.

  • Premium subsidy estimates Clinton Administration Congressional Budget Office KEY .

  • 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.


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.

Related to Premium subsidy

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Subsidy means the difference between the amount of periodic

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Premium payment plan means a benefit plan whereby state and

  • Special Pay means an addition, of the nature of pay, to the emoluments of a post or of a teacher granted in consideration of -

  • Premium service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.

  • State premium tax liability means any liability

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Revenue sharing means sharing tax increment proceeds as defined in ORS 457.470.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Insurance premium finance company means a person engaged in the business of

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.