Demonstration Year Dates Sample Clauses
Demonstration Year Dates. 4.1.2.1. Capitation Rate updates will take place on January 1st of each calendar year. However, savings percentages and quality withhold percentages (see Sections 4.3.4 and 4.4.5) will be applied based on Demonstration Years, as follows:
11. This Addendum deletes and replaces the language in Section 4.3.4.1 with the following
4.3.4.1. Aggregate savings percentages will be applied equally unless otherwise specified, as follows, to the baseline spending amounts for the Medicare Parts A/B Component and the MassHealth Component of the capitated rate, provided that such savings percentages may be adjusted in accordance with Section 4.3.4.4.
4.3.4.1.1. Demonstration Year 1, as divided into the following two time periods:
4.3.4.1.1.1. First six months following the first Effective Enrollment Date: 0%
4.3.4.1.1.2. After the first six months following the first Effective Enrollment Date through December 31, 2014: 1% 4.3.4.1.2. Demonstration Year 2: 0% 4.3.4.1.3. Demonstration Year 3: 0% 4.3.4.1.4 Demonstration Year 4: 0.25% 4.3.4.1.5. Demonstration Year 5: 0.50% 4.3.4.1.6. Demonstration Year 6: 0.50% 4.3.4.1.7. Demonstration Year 7: 0.50%, unless a Commonwealth of Massachusetts state of emergency related to COVID-19 is in effect on or after May 15, 2020, including but not limited to the Commonwealth state of emergency declared via Executive Order No. 591. If such a Commonwealth state of emergency is in effect at any point during the period from May 15, 2020 through December 31, ▇▇▇▇, ▇▇▇▇▇ may retroactively revise the savings percentage for the MassHealth Component of the capitated rate for the entirety of Demonstration Year 7 to a percentage not to exceed 0.50%.
Demonstration Year Dates. 4.1.2.1. Capitation Rate updates will take place on January 1st of each calendar year. However, savings percentages and quality withhold percentages (see Sections 4.3.4 and 4.4.5) will be applied based on Demonstration Years, as follows: 1 First Effective Enrollment Date – December 31, 2014
11. This Addendum deletes and replaces the language in Section 4.3.4.1 with the following Section ▇.▇.▇.▇:
4.3.4.1. Aggregate savings percentages will be applied equally unless otherwise specified, as follows, to the baseline spending amounts for the Medicare Parts A/B Component and the MassHealth Component of the capitated rate, provided that such savings percentages may be adjusted in accordance with Section 4.3.4.4.
4.3.4.1.1. Demonstration Year 1, as divided into the following two time periods:
4.3.4.1.1.1. First six months following the first Effective Enrollment Date: 0%
4.3.4.1.1.2. After the first six months following the first Effective Enrollment Date through December 31, 2014: 1% 4.3.4.1.2. Demonstration Year 2: 0% 4.3.4.1.3. Demonstration Year 3: 0% 4.3.4.1.4 Demonstration Year 4: 0.25% 4.3.4.1.5. Demonstration Year 5: 0.50% 4.3.4.1.6. Demonstration Year 6: 0.50% 4.3.4.1.7. Demonstration Year 7: 0.50%, unless a Commonwealth of Massachusetts state of emergency related to COVID-19 is in effect on or after May 15, 2020, including but not limited to the Commonwealth state of emergency declared via Executive Order No. 591. If such a Commonwealth state of emergency is in effect at any point during the period from May 15, 2020 through December 31, ▇▇▇▇, ▇▇▇▇▇ may retroactively revise the savings percentage for the MassHealth Component of the capitated rate for the entirety of Demonstration Year 7 to a percentage not to exceed 0.50%.