Premium equivalent definition

Premium equivalent means the payments made to the managed care organization by the Oregon Health Authority for providing health services under ORS chapter 414.
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Premium equivalent means a claim for reimbursement of the cost of a health care item or service provided to an eligible employee or family member, other than a dental or vision care item or service, and the administrative costs associated with the claim.
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Premium equivalent means the total costs of providing and maintaining medical coverage, including claim costs, administrative costs, and stop loss premiums, if applicable. Stop loss reimbursements and any pharmacy rebates should be factored into the calculations and subtracted from the total prior to calculating the premium equivalent.
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Examples of Premium equivalent in a sentence

  • An employee who is required to be on call during the standard work cycle, which includes a statutory holiday, shall be paid an additional On Call Premium equivalent to two (2) hours pay at the employee’s regular hourly rate in addition to the Standard On Call Premium any wages earned for attending to trouble calls.

  • An Insured Practice which does not renew an existing contract of Insurance with PAMIA on its expiry without having given at least four months’ notice of its wish not to renew shall pay to PAMIA an additional Premium equivalent to one third of its gross annual Premium payable to PAMIA in the Policy Year in which it should have given notice of its wish not to renew its insurance.

  • Premium equivalent calculation shall be revised as necessary at least annually.

  • An employee who is required to be on call during the standard work cycle, which includes a statutory holiday, shall be paid an additional On Call Premium equivalent to two (2) hours pay at the employee’s regular hourly rate in addition to the Standard On Call Premium for any wages earned for attending to trouble calls.

  • An employee who is required to be on call during the standard 61 work cycle, which includes a statutory holiday, shall be paid an additional On Call Premium equivalent to two (2) hours pay at the employee’s regular hourly rate in addition to the Standard On Call Premium for any wages earned for attending to trouble calls.

  • Leave of Absence (other than FMLA absence) – If you are on an approved leave of absence in accordance with your Employer’s written policy that is not covered under FMLA, your coverage will be continued for the period of time approved by your Employer, provided you pay the required Premium equivalent.

  • Claims Costs Methodology Premium equivalent rates as of July 1,2009 formed the basis for our per capita claims rates.

  • Thermal treatment is used as an integral part of integrated waste management throughout Europe because it is a safe, proven technology superior to landfill and is compatible with high levels of recycling.

  • For CSCR motors, TSL 2 represents what manufacturers would consider a NEMA Premium equivalent efficiency level.

  • Premium equivalent increases at or under 6.25% will be shared by the Board and the teacher as required above in Section D.


More Definitions of Premium equivalent

Premium equivalent is defined as the total of all amounts paid by under this Agreement by Clients assigned to Agency.
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Premium equivalent means the cost per covered employee, or the amount Plan Sponsor would expect to reflect the cost of claims paid, administrative costs, and stop- loss premiums.
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Premium equivalent means the cost per Covered Employee, or the amount Plan Sponsor would expect to reflect the cost of claims paid, administrative costs and stop- loss premiums.
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Related to Premium equivalent

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Committed dose equivalent (HT,50) means the dose equivalent to organs or tissues of reference (T) that will be received from an intake of radioactive material by an individual during the 50-year period following the intake.

  • Incremental Equivalent Debt has the meaning assigned to such term in Section 6.01(a)(xxiii).

  • Dose equivalent (HT means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • Face Value means the specified price of the Ticket only (including United Kingdom value added tax thereon) as stated on the relevant Ticket, and excludes any Handling Fee (or part thereof) or other fees or charges paid by the Ticket Purchaser in respect of that Ticket (including postage or courier charges);

  • SPS AER Value means the Underlying Reference Value.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.