405 IAC 1-12-6 Active providers; rate review; annual request

Sec. 6. (a) The rate effective date of the annual rate review established during rebasing years and nonrebasing years shall be the first day of the fourth month following the provider's reporting year-end, provided the annual financial report is submitted within ninety (90) days of the end of the provider's reporting period. (b) The annual rate review that shall become effective during a rebasing year shall be established using the annual financial report as the basis of the review. (c) The annual rate review that shall become effective during a nonrebasing year shall be established by applying an inflation adjustment to the previous year's annual or base Medicaid rate that excludes the rate reduction amount specified in section 24(d) of this rule. The inflation adjustment prescribed by this subsection shall be applied by using the CMS Nursing Home without Capital Market Basket index as published by DRI/WEFA. The inflation adjustment shall apply from the midpoint of the previous year's annual or base Medicaid rate period to the midpoint of the current year annual Medicaid rate period prescribed as follows: Rate Effective Date Midpoint Quarter January 1, Year 1 July 1, Year 1 April 1, Year 1 October 1, Year 1 July 1, Year 1 January 1, Year 2 October 1, Year 1 April 1, Year 2