State Codes and Statutes
Statutes > Vermont > Title-33 > Chapter-19 > 1953
§ 1953. Hospital assessment
(a) Hospitals shall be subject to an annual assessment as follows:
(1) Beginning January 1, 2008, each hospital's annual assessment, except for hospitals assessed under subdivision (2) of this subsection, shall be 5.5 percent of its net patient revenues (less chronic, skilled, and swing bed revenues) for the hospital's fiscal year as determined annually by the director from the hospital's financial reports and other data filed with the department of banking, insurance, securities, and health care administration. The annual assessment shall be based on data from a hospital's third most recent full fiscal year.
(2) Beginning July 1, 2004, each mental hospital or psychiatric facility's annual assessment shall be 4.21 percent, provided that the United States Department of Health and Human Services grants a waiver to the uniform assessment rate, pursuant to 42 C.F.R. § 433.68(e). If the United States Department of Health and Human Services fails to grant a waiver, mental hospitals and psychiatric facilities shall be assessed under subdivision (1) of this subsection.
(b) Each hospital shall be notified in writing by the office of the assessment made pursuant to this section. If no hospital submits a request for reconsideration under section 1958 of this title, the assessment shall be considered final.
(c) Each hospital shall submit its assessment to the office according to a payment schedule adopted by the director. Variations in payment schedules shall be permitted as deemed necessary by the director.
(d) Any hospital that fails to make a payment to the office on or before the specified schedule, or under any schedule for delayed payments established by the director, shall be assessed not more than $1,000.00. The director may waive this late payment assessment provided for in this subsection for good cause shown by the hospital.
(e) [Repealed.] (Added 1991, No. 94, § 1; amended 1993, No. 56, § 1, eff. June 3, 1993; 1995, No. 5, § 26, eff. March 3, 1995; No. 14, § 2, eff. April 12, 1995; 1997, No. 59, §§ 69, 70, eff. June 30, 1997; 1999, No. 49, § 199; 2001, No. 65, § 13; 2003, No. 66, § 306; see effective date note set out below; 2003, No. 163 (Adj. Sess.), § 7; 2005, No. 71, § 285; 2007, No. 190 (Adj. Sess.), § 47, eff. June 6, 2008.)
