Examples of Processing Month in a sentence
At the end of each Current Processing Month (the Plan Data Due Date), the Medicare Advantage and Prescription Drug (MARx) System also calculates the final beneficiary payments and adjustments, which ultimately result in payments to the Plans for the Current Payment Month (CPM).
If the Group fails to successfully protect its intellectual property rights for any reason, or if a third party misuses the Group’s intellectual property or damages its reputation, the value of the Group’s trademark may be harmed.
The Current Processing Month changes following the close of business on the Plan Data Due Date.
The Current Processing Month ends on the MARx Plan Data Due Date, i.e., the cut-off date, at 8:00 p.m. Eastern Time.
The timeframe from one Plan Data Due Date to the next Plan Data Due Date represents the Current Processing Month.
All transactions successfully processed for payments by MARx during the Current Processing Month are included in the monthly payment cycle and its associated reports.
When this occurs in early February, the Current Processing Month changes to the next payment month, which is April, as MARx is no longer processing transactions and calculating payments for the March 1 payment.
GEFA shall supply to GECC statement, commission settlement (where applicable) and Pending List 10 Business Days after Processing Month End.
Pending List – A list of Notification of Insurance Processing that was not confirmed and put live on the GEFA administration system as at the Processing Month End.
For example:January 10, 20xx is the Plan Data due date, therefore:• On January 9, 20xx, the Current Processing Month is February.• On January 10, 20xx, the Current Processing Month is February.• On January 11, 20xx, the Current Processing Month is March.• The Current Processing Month remains March until the day following the next Plan Data Due Date.