Michigan Laws 550.2008 – Reports
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The department shall provide quarterly reports to the senate and house appropriations committees, and the senate and house fiscal agencies, that include quantified data as to the number of program applicants and enrollees, the amount of expenditures, and the number of enrollees subsequently found eligible for medicaid. Each report shall also contain an estimate of whether or not the current rate of expenditures will exceed the existing amount of money appropriated for the EPIC program in the current fiscal year. If the estimate indicates that the program would end the year in deficit, the department and the department of management and budget shall take 1 or more of the following actions:
(a) Request a supplemental appropriation for the EPIC program.
Terms Used In Michigan Laws 550.2008
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the department of community health. See Michigan Laws 550.2002
- EPIC program: means the elder prescription insurance coverage program created in section 3 or any other state program, federal program, or combination of state programs and federal programs, providing services to the population specified in section 3. See Michigan Laws 550.2002
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Household income: means all income received by all persons of a household in a tax year while members of a household. See Michigan Laws 550.2002
- Medicaid: means the program for medical assistance established under title XIX of the social security act, chapter 531, 49 Stat. See Michigan Laws 550.2002
(b) Request a transfer of spending authority from any surplus appropriation within the department.
(c) Suspend further enrollment in the EPIC program.
(d) Increase copayments for new applicants. In no case shall an adjustment in program cost sharing result in a cost to an eligible senior in excess of 5% of the eligible senior’s household income.