§ 71-5-2005. Deposits in Maintenance of Coverage Trust Fund — Expenditures — Quarterly Reports. [Effective Until July 1, 2021.]
The funds generated as a result of this part must be deposited in the maintenance of coverage trust fund created by § 71-5-160, the existence of which is continued as provided in subsection (b). The fund must not be used to replace any monies otherwise appropriated to the TennCare program by the general assembly or […]
§ 71-5-2006. Expiration of Part — Survival of Certain Rights and Obligations. [Effective Until July 1, 2021.]
This part expires on July 1, 2021. However, the following rights and obligations survive the expiration: The authority of the bureau to impose late payment penalties and to collect unpaid annual coverage assessments and required refunds; The rights of a covered hospital or an association of covered hospitals to file a petition for declaratory order […]
§ 71-5-2007. Audit of Expenditure of Funds From Maintenance of Coverage Trust Fund. [Effective Until July 1, 2021.]
The comptroller of the treasury may audit the expenditure of funds pursuant to this part from the maintenance of coverage trust fund. At the discretion of the comptroller of the treasury, the audit may be prepared by a certified public accountant, a public accountant, or the department of audit. Notwithstanding § 71-5-2005, the bureau of […]
§ 71-5-2001. Short Title. [Effective Until July 1, 2021.]
This part shall be known and may be cited as the “Annual Coverage Assessment Act of 2020.”
§ 71-5-2002. Part Definitions. [Effective Until July 1, 2021.]
As used in this part: “Annual coverage assessment” means the annual assessment imposed on covered hospitals as set forth in this part; “Annual coverage assessment base” means a covered hospital’s net patient revenue as shown in its medicare cost report for its fiscal year that ended during calendar year 2016, on file with CMS as […]
§ 71-5-2003. Annual Coverage Assessment on Covered Hospitals. [Effective Until July 1, 2021.]
There is imposed on each covered hospital licensed as of July 1, 2020, an annual coverage assessment for fiscal year (FY) 2020-2021 as set forth in this part. The annual coverage assessment imposed by this part is not effective and validly imposed until the bureau has provided the Tennessee Hospital Association with written notice that […]
§ 71-5-2004. Amount of Annual Coverage Assessment — Payment — Penalty — Suspension of Payments — Civil Action. [Effective Until July 1, 2021.]
The annual coverage assessment established for this part is four and eighty-seven hundredths percent (4.87%) of a covered hospital’s annual coverage assessment base. The annual coverage assessment must be paid in installments pursuant to this subsection (b) if the requirements of § 71-5-2003(b) have been satisfied. The bureau shall establish a schedule of four (4) […]