Cost neutral Definition | Law Insider (2024)

Cost neutral

means that the mechanism used to smooth data, share risk, or adjust for risk will recognize both higher and lower expected costs and is not intended to create a net ag- gregate gain or loss across all pay- ments.

Cost neutral

means the cost is not higher than the revenue it generates.

Cost neutral

means the City will not be required to expend additional funds to support the DROP program nor will the program adversely affect the funding status of the Pension Plan.

Cost neutral

means that the mechanism used to smooth data, share risk, or adjust for risk will recognize both higher and lower expected costs and is not intended to create a net aggregate gain or loss across all payments.

Cost neutral.

The mechanism used to smooth data, share risk, or adjust for risk will recognize both higher and lower expected costs and is not intended to create a net aggregate gain or loss across all payments. Covered Services - Services included in the South Carolina State SCHIP Plan. Contractor - The domestic licensed MCO that has executed a formal agreement with SCDHHS to enroll and serve SCHIP members under the terms of this contract. The term Contractor shall include all employees, subcontractors, agents, volunteers, and anyone acting on behalf of, in the interest of, or for a Contractor. DAODAS - Department of Alcohol and Other Drug Abuse Services DDSN - Department of Disabilities and Special Needs DHEC - Department of Health and Environmental Control Days - Calendar days unless otherwise specified. Disenrollment - Action taken by SCDHHS or its designee to remove a member from the Contractor's plan following the receipt and approval of a written request for disenrollment or a determination made by SCDHHS or its designee that the member is no longer eligible for SCHIP. Direct Marketing/Cold call - Any unsolicited personal contact with or solicitation of applicants/eligibles in person, through direct mail advertising or telemarketing by an employee or agent of the plan for the purpose of influencing an individual to enroll with the plan. Dual Diagnosis/Dual Disorders - An individual who has both a diagnosed mental health problem together with problems of alcohol and/or drug use. Eligible(s) - A person who has been determined eligible to receive services as provided for in the Title XXI SC State SCHIP Plan. Emergency Medical Condition - A medical condition manifesting itself by acute symptoms of sufficient severity (including severe pain) such that a prudent layperson, who possesses an average knowledge of health and medicine, could reasonably expect the absence of immediate medical attention to result in: placing the health of the individual (or, with respect to a pregnant woman, the health of the woman or her unborn child) in serious jeopardy; serious impairment to bodily functions, or serious dysfunction of any bodily organ or part. Emergency Services – Covered inpatient and outpatient services that are as follows: (1) furnished by a provider that is qualified to furnish these services under this title; and (2) needed to evaluate or stabilize an emergency medical condition. Encounter - any service provided to a SCHIP Program member regardless of how the service ...

Cost neutral.

The mechanism used to smooth data, share risk, or adjust for risk that will recognize both higher and lower expected costs and is not intended to create a net aggregate gain or loss across all payments. Covered Services - Services included in the South Carolina State SCHIP Plan. Contractor - The domestic licensed MCO that has executed a formal agreement with SCDHHS to enroll and serve SCHIP members under the terms of this contract. The term Contractor shall include all employees, subcontractors, agents, volunteers, and anyone acting on behalf of, in the interest of, or for a Contractor. DAODAS - Department of Alcohol and Other Drug Abuse Services DDSN - Department of Disabilities and Special Needs DHEC - Department of Health and Environmental Control Days - Calendar days unless otherwise specified. Disenrollment - Action taken by SCDHHS or its designee to remove a member from the Contractor's plan following the receipt and approval of a written request for disenrollment or a determination made by SCDHHS or its designee that the member is no longer eligible for SCHIP. Direct Marketing/Cold call - Any unsolicited personal contact with or solicitation of applicants/eligibles in person, through direct mail advertising or telemarketing by an employee or agent of the plan for the purpose of influencing an individual to enroll with the plan.

Cost neutral

means a method of maintaining estimated cost budgeted in this Agreement by increasing or decreasing the level of services. In the event of a disaster declaration the Director may authorize increasing the level of services by prior written approval.

Cost neutral

means that any costs associated with the project are absorbed into the general overheads of the contractor/firm. Client and contractors should discuss how the contract can be delivered on a cost neutral basis.

Cost neutral

means that the employee who works a ten (10) or twelve (12) hour schedule will receive the same economic benefit from the sections listed above as if the employee worked an eight (8) hour per day and forty (40) hour per week schedule, and the Company's wages and premiums paid to the employee during such schedule is approximately the same as if the employee worked a regular eight (8) hour per day and forty (40) hour per week schedule. The guiding principle of cost neutrality is to adjust the economic concepts referenced in this Section 4 so that neither the Company nor the employee incur windfall economic penalties or gains that otherwise would not have been payable and received compared to an eight (8) hour per day/forty (40) hour per week schedule worked.

Cost neutral

means that a participant’s cost to the Program, on an annualized basis, for services covered under this chapter and for any State Plan services which are not covered for nursing facility residents, are not more than the Program’s average per capita annualized net payments for nursing facility services.